Strategies for 3rd May

by Chirag on May 3, 2010

in Intraday Tips.

US Markets ended lower.
Europe also ended in red.
Asia has opened mixed.
Expect the Indian markets to have a flat opening.
The crucial support on the downside for the Nifty is 5250-5150 and resistance at 5280-5300
BSE Sensex: (17559) the crucial support on the Sensex on the downside is 17400-17170 and resistance at 17580-17675

Day Trading Ideas :

RNRL : Buy above 70 for targets of 73.5 & 75.8. SL of 68.2

Ashok Leyland : Buy above 60 for targets of 63.5 & 65.4. SL of 58

Indiabulls Financial : Buy above 154 for targets of 157 & 160. SL of 151

United Phosphorus : Buy above 170 for targets of 175 & 178. SL of 166

Happy Investing!

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