Intraday Tips and Market Outlook for 17th Sept.

>> Thursday, September 17, 2009

State of Markets abroad :
US markets ended higher.
Europe markets ended higher too.
Asia has also opened higher.
Expect the Indian Markets to open higher.
The crucial support for the Sensex is 16120 and the resistance is at 17071
Nifty: (4958) the crucial support for the Nifty is at 4900 and resistance is at 5014-5155

Day Trading Ideas :

IndusInd Bank : Buy above 112 for targets of 113 and 114.25. SL of 110.50

RNRL : Buy above 88 for targets of 89 and 90. SL of 87.20

IFCI : Buy above 60 for targets of 61 and 61.90. SL of 59.20

Rajesh Export a short term call given at 65 on Sunday as BUY now at 73 in just 3 trading days.

Happy Investing!
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