Market Outlook & Day Trading Ideas for Aug 9th

by Chirag on August 9, 2010

in Intraday Tips.

US Markets ended in red.
Europe ended lower.
Asia has opened in red.
Expect the Indian markets to have a flat to negative opening.

NIFTY Technicals :

S 2 5406.95
S 1 5423.1
Pivot *5447.50*
R 1 5463.65
R 2 5488

Day Trading Ideas :

Unitech :
BUY Above 85 for targets of 86.2 & 87.5. SL of 84
Sell below 83.5 for targets of 82.1 & 80.5. SL of 84.5

IFCI :
BUY Above 59 for targets of 61.5 & 32.5. SL of 57.5
Sell below 57 for targets of 55.5 & 54. SL of 58.2

Happy Investing!

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