Intraday Tips and Market outlook for 19th Aug

>> Wednesday, August 19, 2009

US Markets ended higher.
Europe ended higher.
Asia has opened flat to negative.
The logical target for the Sensex is 14731-14234 and the resistance is at 15256-15575
Nifty: (4559) the logical target for the Nifty is at 4325-4247 and resistance is at 4533-4632

Day trading Ideas :

Adlabs : Buy above 320 for targets of 326 and 335. SL of 314

RNRL : Buy above 82 for targets of 83 and 84. SL of 80.50

IFCI : Buy above 52 for targets of 53.50 and 54.25

Happy Investing.
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