Market outlook and Intraday Tips for 16th July

by Chirag on July 15, 2009

in Uncategorized

US markets ended higher.
Europe ended higher too.
Asia is ought to open positive.
Expect the Indian Markets to open positive. With a Gap up opening of 200 to 250 points.
The support for the Sensex is 14150 and the resistance to the up move is at 14381-14548
Nifty: (4234) the support for the Nifty is at 4200 and the resistance to the up move is at 4255-4315

Day trading Ideas :

RNRL : Buy above 79.90 for targets of 81.45 and 83.20. SL of 77.90

Rajesh Export : Buy above 38.10 for targets of 39.45. SL of 36.85

LNT : Buy above 1450 for targets of 1471 and 1484. Sl of 1435

Hindalco : Buy above 80.25 for targets of 81.85 and 82.90. SL of 78.10

Sterlite Ind. : Buy above 632 for targets of 640 and 649.50. SL of 626

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