Intraday Tips and Market Outlook for 5th Oct.

>> Monday, October 5, 2009

State of Markets abroad :
US markets ended in red.
Europe ended negative.
Asia has opened flat.
Expect the India markets to open flat to positive.
The crucial support for the Sensex is 16802 and the resistance is at 17249-17467
Nifty: (5083) the crucial support for the Nifty is at 5000 and resistance is at 5154-5166

Day Trading Ideas :

Ansal Properties : Buy above 84 for targets of 86 and 87.65. SL of 82.90

IFCI : Buy above 55 for targets of 56.25 and 57.40. SL of 54

MNM : Buy above 890 for targets of 898 and 910. SL of 882.

Happy Investing!
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