Intraday Tips and Market Outlook for 7th Oct.

>> Wednesday, October 7, 2009

State of Markets abroad :
US Markets ended higher.
Europe ended higher.
Asia has opened higher.
Expect the Indian Markets to open flat to positive.
The crucial support for the Sensex is 16802-16500 and the resistance is at 17249
Nifty: (5027) the crucial support for the Nifty is at 5000-4900-4824 and resistance is at 5154

Day Trading Ideas :

IRB Infra : Buy above 226 for targets of 229 and 232. SL of 224.

HUL : Buy above 282 for targets of 284.50 and 286.25. SL of 280.95

LNT : Buy above 1680 for targets of 1693 and 1710. SL of 1670

Happy Investing!
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