Intrady tips and Market outlook for 15th May.

US markets ended higher.
Europe also ended in green.
Asia is trading positive.
Expect the Indian markets to open positive.

NIFTY magic levels
Current Spot - 3593.45
Support - 3540 and 3505
Resistance - 3631 and 3687

Day Trading Ideas -

RNRL
Buy above 59 for targets of 60.25 and 61.90
Sell below 55 for targets of 53.50 and 52.10

UCO Bank
Buy above 33.10 for targets of 34.25 and 35.50
Sell below 31.10 for targets of 30.45 and 29.50

IRB Infra
Buy above 112.45 for targets of 114 and 115.90
Sell below 106 for targets of 104.85 and 103.10

Suzlon
Buy above 77 for targets of 78.10 and 79.45
Sell below 74 for targets of 72.10 and 71.05

Happy Investing !

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Weekly news letter and stocks to look out for.

This week we saw markets crashing down drastically. Sensex and NIFTY both are down over 7%.

Inflation is cooling down. Current inflation is at 6.61 compared to 6.84 last week.

See the life as crude is below 35$.

Satyam is banned by World Bank for 8 years. (Don’t carry any long position is this scrip)

FII’s activity is now negligible.

We will see some DII’s buying stocks.

More over companies are buying their own stock from the market so as to increase the promoter’s holdings. The latest company to do so was GMR Infra.

Stocks to look out in this week.

Satyam Computers. – Any thing can happen now.

Unitech. – My favorite to trade. Good movements. Highly volatile.

Axis Bank.- Again the same story , expect rate cut.

UCO Bank.- Technically strong stock.

Reliance Ind. – Can bounce back from any levels from now.

Happy Investing!

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