Market outlook and Intraday Tips for August 17th.

US markets ended lower.
Europe also ended in red.
Asia has opened in deep red.
Expect the Indian Markets to have a gap down opening.
The support for the Sensex is 15217 and the logical technical target is at 15621-15724-15880
Nifty: (4580) the support for the Nifty is at 4520 and logical technical target at 4622-4652-4594

Day trading Ideas :

Jet Airways : Buy above 265 for targets of 272 and 276. SL of 261

Bhushan Steel : Buy above 930 for targets of 940 and 950. SL of 922

IFCI : Buy above 51.50 for targets of 52.25 and 52.90. SL of 50.90