INtraday Tips and Market Outlook for Oct 21st

>> Wednesday, October 21, 2009

State of Markets abroad :
US markets ended lower.
Europe also ended in red.
Asia has also opened negative.
Expect a negative opening on Indian Stock Markets.
The crucial support for the Sensex is 17000 and the resistance is at 17356-17439
Nifty: (5114) the crucial support for the Nifty is at 5090 and resistance is at 5183-5219

Day Trading Ideas :

Andhra Bank : Buy above 121 for targets of 123 and 125. SL of 119

YES Bank : Buy above 253 for targets of 256 and 258. SL of 251

IFCI : Buy above 55.30 for targets of 56.25 and 57.30. SL of 54.25

Happy Investing!
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