Market outlook and day trading ideas for 12th Aug

by Chirag on August 12, 2010

in Intraday Tips.

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

NIFTY Technicals :

S 2 5373.05
S 1 5396.75
Pivot *5435.70*
R 1 5459.4
R 2 5498.3

Day Trading Ideas :

Look out for stocks like TTML, MNM.

Buy in Dips and sell at highs.

{ 1 comment… read it below or add one }

Prem August 15, 2010 at 7:17 am

Respected Sir,I want yr advice.I hv bt 4000 shares of Chambal fert. at Rs.69.85.last week in F&O. Now price has gone down.Pl advice will d price reach Rs70 by till Aug expiry or i shd sell and buy wt so dat my loss is covered.eagerly awaiting yr advice and thanks in advance . My email is pma_56@rediffmail.com .I will b highly obliges if you can kindly advice me.thanks once again in advance.Mr.Prem

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