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Intraday Tips and Market Outlook for 2nd Dec 2008

Tuesday, December 02, 2008 at 11:08:00 AM Posted by MyBhavesh

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



Courtesy/Source: indianmoneyplus.com

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1 comments:

  Indian Stock Market

Monday, December 15, 2008 8:21:00 PM

This blog is really nice and informative. We are pleased to know this blog is really helping people.
The explanation given is really comprehensive and informative. I am feeling happy to comment on this blog . I think this is useful information for blog users-How does the ordinary investor fit into the equation comprising of global factors coupled with manipulation in the stock markets?
1. Invest for the long-term. If you have an investment horizon of 5-10 years and are invested in the right sectors, chances are that you will gain
2. Invest money that you can afford to lose. In other words, do not put your entire life savings in the markets.
3. Study the market thoroughly before you invest
4. Avoid putting all your eggs in one basket. Hence, diversify your portfolio

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