Intraday Tips and Market Outlook for 26th Oct

>> Monday, October 26, 2009

State of Markets abroad :
US Markets ended in red.
Europe ended mixed.
Asia has opened positive.
Expect the Indian Markets to have a flat to positive opening.
The crucial support for the Sensex is 16764-16682 and the resistance is at 17016-17107-17198
Nifty: (4997) the crucial support for the Nifty is at 4987-4936 and resistance is at 5060-5100

Day Trading Ideas :

HDIL : Buy above 376 for targets of 381 and 385. SL of 373

RNRL : Buy above 85 for targets of 86.20 and 87.25. SL of 84.25

IFCI : Buy above 52.60 for targets of 53 and 54.10. SL of 51.90

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