Intraday Tips and Market Outlook for 22nd Oct.

>> Thursday, October 22, 2009

State of Markets abroad :
US Markets ended in red.
Europe ended flat.
Asia has opened red.
Expect Indian Markets to have a negative opening.
The crucial support for the Sensex is 16920 and the resistance is at 17185
Nifty: (5064) the crucial support for the Nifty is at 4987 and resistance is at 5100-5183

Day Trading Ideas :

MNM : Buy above 890 for targets of 905 and 912. SL of 883

RNRL : Buy above 86.75 for targets of 87.45 and 88.40. SL of 85.90

JP Associates : Buy above 255 for targets of 257 and 260. SL of 252

Happy Investing!
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