Monday, December 1, 2008

Intraday Tips and Market Outlook for 2nd Dec from IndianMoneyPlus.Com

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/intraday-tips-and-market-outlook-for-2nd-dec-from-indianmoneypluscom/)

IndianMoneyplus.Com - US markets yesterday tumbbled very badly is down on an average of 7%.

Europe was down on an average of 5%.

Asia is bond to open low.

Indian markets will have a gap down to flat opening today.


The support for the Sensex is 8700-8612-8532 and the resistance to the up move is at 9192


Nifty: (2683) the support for the Nifty is at 2650 and the resistance to the up move is at 2860-3113


Its not advisable to short any thing today.


 


Day Trading ideas.


 


Mphasis Ltd.


Buy above 168 for targets of 171 and 174


Sell below 156 for targets of 152 and 149


 


CESC Ltd.


Buy above 214 for targets of 217 and 221


Sell below 204 foir targets of 200 and 197


 


Aditya Birla Nuvo.


Buy above 504 for targets of 508 and 512


Sell below 494 for targets of 489 and 485


 


RNRL


Buy above 41.10 for targets of 41.90 and 42.35


Sell below 39.95 for targets of 39.20 and 38.60


More on - IndianMoneyplus.Com


Happy Trading.



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