Intraday Tips and Market outlook on 5th August.

US markets ended flat but in green.
Europe ended with minor loses.
Asia has opened mixed.
Expect the Indian Markets to open positive.
The support for the Sensex is 15725-15600 and the logical technical target is at 15895-16046-16507
Nifty: (4681) the support for the Nifty is at 4651 and logical technical target at 4704-4789-4926
Day Trading Ideas :

MNM : Buy above 930 for targets of 945 and 954. SL of 919

IDBI : Buy above 107 for targets of 108.50 and 110. SL of 105.50

RNRL : Buy above 83 for targets of 85 and 86.50. SL of 82.10