Intraday Tips and Market Outlook for Sept 9th

>> Wednesday, September 9, 2009

State of markets abroad :
US markets ended higher.
Europe ended flat.
Asia has opened flat to negative.
Expect the Indian Markets to open in the same manner.
The crucial support for the Sensex is 16030 and the resistance is at 16248-16404
Nifty: (4805) the crucial support for the Nifty is at 4780 and resistance is at 4856-4903

Day Trading Ideas :

HCC :Buy above 108 for targets of 109.25 and 110.50. SL of 107.45

LNT : Buy above 1620 for targets of 1630 and 1642. SL of 1609

Indusind Bank : Buy above 99 for targets of 101 and 103.40. SL of 97.90

Happy Investing !

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