Intraday Tips and Market Outlook for 2nd of Sept.

>> Wednesday, September 2, 2009

State of Markets abroad :
US markets ended lower.
Europe ended lower.
Asia has opened lower.
Expect the Indian markets to open negative.
The crucial support for the Sensex is 15470-15321 and the resistance is at 15685
Nifty: (4625) the crucial support for the Nifty is at 4600-4548 and resistance is at 4700

Day Trading Ideas :

IFCI : Buy above 53 for targets of 53.90 and 54.45. Sl of 52.60

Rajesh Export : Buy above 49 for targets of 50.25 and 51.45. SL of 48.20

Sterlite Ind. : Buy above 650 for targets of 662 and 671. SL of 645

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