Intraday tips and Market Outlook for 1st Sept.

>> Tuesday, September 1, 2009

State of Markets abroad :
US markets ended in red.
Europe ended mixed.
Asia has opened higher in green.
Expect the Indian Markets to do the same.

Yesterday China saw a sell off.
Today NHPC will list on the Indian Stock Markets. 4 to 8% premium expected.

The crucial support for the Sensex is 15470-15426 and the resistance is at 15880.
Nifty: (4662) the crucial support for the Nifty is at 4600 and resistance is at 4700-4789

Day Trading Ideas :

HCC : Buy above 110 for targets of 112 and 114.10. SL of 108.25

Unitech : Buy above 106 for targets of 107.25 and 108.45. SL of 105

ICICI Bank : Buy above 750 for targets of 755 and 761. SL of 745

Happy Investing !

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