Intraday Tips and Market Outlook for June 01, 2009

State of global markets :
US markets ended positive.
Europe ended flat to positive.
Asia has opened positive.

Indian Market may open positive with a gap up opening.

NIFTY :
Current Spot - 4448.25
Support - 4363.7 and 4278.55
Resistance - 4511 and 4573.12

Day Trading Ideas :

Siemens :
Buy above 496 for targets of 504 and 511 with a SL of 489
Sell below 485 for targets of 478 and 471 with a SL of 491

IFCI :
Buy above 47.10 for targets of 48.05 and 49.20 SL of 46.10
Sell below 44.90 for targets of 43.85 and 42.50 SL of 45.85

RPL :
Buy above 146 for targets of 147.50 and 149.10 SL of 144.90
Sell below 142 for targets of 140.85 and 139.25 SL of 143.10

Courtesy/Source: indianmoneyplus.com