Intraday Tips and market outlook for Dec 30th

by Chirag on December 30, 2009

in Intraday Tips.

US Markets ended flat.
Europe ended in green.
Asia has opened mixed.
Expect the Indian markets to open flat to positive.
The crucial support on the downside for the Nifty is 5100 and resistance at 5250-5387
BSE Sensex: (17402) the crucial support on the Sensex on the downside is 17000 and resistance at 17500-17888

Day Trading Idea –

NTPC : BUY above 232 for targets of 235 and 238. SL of 229

REC : BUY above 237 for targets of 240 and 242. SL of 235

RNRL : BUY above 71 for targets of 72.5 and 73.2. SL of 69.50

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