Intraday Tips and Market Outlook for 27th Oct.

>> Tuesday, October 27, 2009

State of Markets abroad :
US Markets ended in red.
Europe also ended lower.
Asia has opened negative.
Expect the Indian Markets to have a flat to negative opening!
The crucial support for the Sensex is 16707-16682-16426 and the resistance is at 17016-17107-17198
Nifty: (4971) the crucial support for the Nifty is at 4947-4900 and resistance is at 5060-5100

Day Trading Ideas :

IRB Infra : Buy above 250 for targets of 253 and 257. SL of 247

IFCI : Buy above 50 for targets of 51.25 and 52.40. SL of 49.10

RNRL : Buy above 80 for targets of 81.50 and 83.25. SL of 78.90

Happy Investing!
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