Intraday Tips and Market outlook on 5th August.

US markets ended flat but in green.
Europe ended with minor loses.
Asia has opened mixed.
Expect the Indian Markets to open positive.
The support for the Sensex is 15725-15600 and the logical technical target is at 15895-16046-16507
Nifty: (4681) the support for the Nifty is at 4651 and logical technical target at 4704-4789-4926
Day Trading Ideas :

MNM : Buy above 930 for targets of 945 and 954. SL of 919

IDBI : Buy above 107 for targets of 108.50 and 110. SL of 105.50

RNRL : Buy above 83 for targets of 85 and 86.50. SL of 82.10

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Buy and hold IDBI for target of Rs 101-107: Nirmal Bang

Nirmal Bang has advised traders to buy and hold IDBI for target of Rs 101-107.


“Buy IDBI on dips & hold. The stock has strong support in the region of Rs 92-88-83 and resistance at Rs 96. If it maintains above Rs 96 then look for a short term target of Rs 101-107,” said the technical note.

Source : Economic Times

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Market outlook and Intraday Tips for 24th June

US markets ended with minor losses.
Europe was ended flat.
Asia has opened a bit positive.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 14188-14000 and the resistance to the up move is at 14727-14894
Nifty: (4247) the support for the Nifty is at 4200 and the resistance to the up move is at 4406

Day Trading Ideas :

IFCI : Buy above 54.10 for targets of 54.85 and 55.80 SL of 53.45

IDBI : Buy above 110.20 for targets of 111.25 and 112.10 SL of 109.10

RCom : Buy above 301 for targets of 305 and 309 SL of 296

MTNL : Buy above 98.20 for targets of 98.90 and 99.45 SL of 97.50

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Intraday Tips and market outlook for 17th June

State of Markets abroad :
US markets ended red.
Europe ended flat.
Asia has opened positive.
Expect a flat to positive opening on Indian Stock Markets.

The support for the Sensex is 14800-14620 and the resistance to the up move is at 15265
Nifty: (4518) the support for the Nifty is at 4465 and the resistance to the up move is at 4600

Intraday Tips :

IFCI : Buy above 56 for targets of 57.10 and 58.25. keep a SL of 54.45

IDBI : Buy above 108 for targets of 110 and 111.50. Keep a SL of 160.50

R Power : Buy above 198 for targets of 201 and 203. Keep a SL of 195

Adlabs : Buy above 412 for targets of 415 and 418. Keep a SL of 409

Happy Investing !

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Intraday Tips and Market outlook for 5th June

US markets ended higher.
Europe ended flat.
Asia is trading positive.
Expect the Indian markets to have a gap up opening.

NIFTY Support and Resistance :
Current spot - 4572.65
Support - 4489.9 and 4407.3
Resistance - 4618.65 and 4664.8

Day Trading Ideas :

IDBI Bank : Buy above 100.45 for targets of 101.60 and 102.50 keep a SL of 98.50

HDIL : Buy above 325 for targets of 328 and 331 keep a SL of 320

DLF : Buy above 419 for targets of 422 and 425 keep a SL of 415

IFCI : Buy above 57.25 for targets of 58.10 and 58.90 keep a SL of 56.80

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Intraday Tips and Market Outlook for 4th Dec.

US markets rallied.

Markets are expected to be rangebounded for some time.

Technically speaking I expect a break out to come.

Asia has opned positive. Expect Indian markets to open a positive note. Markets may not be able to sustain its positivity.

Nifty has a strong support at 2550 and a resistance for upmove at 2810 and 2950.

Day Trading Ideas.

IDBI Bank.

Buy above 57 for targets of 58.10 and 59.20

Sell below 55.25 for targets of 54.10 and 53.20

Orchid Chemicals

Buy above 82 for targest of 84 and 85.90

Sell below 80 for targets of 79 and 77.50

Unitech

Buy above 26.50 for targets of 27.10 and 27.80

Sell below 25.80 for targets of 24.90 and 24.10

Suzlon

Buy above 37.90 for targets of 39.10 and 41.20

Sell below 34.90 for targets of 34 and 33.10

Happy Investing.

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