Intraday Tips and Market Outlook for 16th Sept.

>> Wednesday, September 16, 2009

State of Markets abroad :
US markets ended higher.
Europe ended higher too.
Asia has opened higher.
The crucial support for the Sensex is 16120 and the resistance is at 16586
Nifty: (4892) the crucial support for the Nifty is at 4780 and resistance is at 4903-5014

Day Trading Ideas :

IFCI : Buy above 60 for targets of 61 and 62.10. SL of 59.20

GVK Power & Infra : Buy above 48 for targets of 48.90 and 49.75. SL of 47.20

MNM : Buy above 850 for targets of 860 and 872. SL of 842

Happy Investing!
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