Intraday Tips and Market Outlook for 29th Oct.

>> Thursday, October 29, 2009

State of Markets abroad :
US Markets ended lower.
Europe also ended in negative.
Asia has opened negative.
Expect Indian Markets to open flat to negative.
The crucial support for the Sensex is 16144-15861 and the resistance is at 16474-16575
Nifty: (4826) the crucial support for the Nifty is at 4780-4699 and resistance is at 4888-4920

Day Trading Ideas :

KSK Energy : Buy above 199 for targets of 204 and 208. SL of 196

LNT : Buy above 1590 for targets of 1602 and 1615. SL of 1582

HDIL : Buy above 348 for targets of 351.50 and 353. SL of 346.85

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