Intraday Tips and Market Outlook for Aug 20th

by Chirag on August 19, 2009

in Uncategorized

US markets ended in green.
Europe ended mixed.
Asia has opened flat.
Expect the Indian Markets to open flat to positive.

NIFTY Current Spot : 4394.1
Support:4284.25 & 4339.15
Resistance: 4463.25 & 4532.45

Adani Power is listing today. Grey Market premium is Rs 6 -8/-
Day Trading Ideas :

IFCI: Buy above 52 for targets of 53.10 and 54. SL of 50.95

NTPC:Buy above 203.10 for targets of 205 and 206.50. SL of 201.10

RPower: Buy above 156 for targets of 158 and 160. SL of 154.10

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