Intraday Tips and Market Outlook for 8th Oct.

>> Thursday, October 8, 2009

State of Markets abroad :
US ended flat.
Europe ended negative.
Asia is now in positive zone.
Expect the Indian markets to open flat to positive.
The crucial support for the Sensex is 16500 and the resistance is at 17072-17249
Nifty: (4986) the crucial support for the Nifty is at 4900-4824 and resistance is at 5069-5154

Day Trading Ideas :

Yes bank : Buy above 208 for targets of 210 and 213. SL of 206

IRB Infra : Buy above 238 for targets of 242 and 245. SL of 235

Happy Investing!
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