Intraday Tips and Market Outlook for July 09, 2009

Thursday, July 09, 2009 at 10:14:00 AM Posted by MyBhavesh

US markets ended mixed.
Europe ended in red.
Asia has opened flat to negative.
Expect the Indian markets to also open flat to positive.

The support for the Sensex is 13400-12600 and the resistance to the up move is at 13960
Nifty: (4079) the support for the Nifty is at 3870 and the resistance to the up move is at 4135

Day Trading Ideas :

NMDC :
Buy above 333 for targets of 342 and 351. SL of 327
Sell below 325 for targets of 316 and 308. SL of 330

NTPC :
Buy above 195 for targets of 198 and 201. SL of 192
Sell below 190 for targets of 187 and 184. SL of 192

ACC :
Buy above 790 for targets of 805 and 818. SL of 777
Sell below 773 for targets of 765 and 754. SL of 777

Courtesy/Source: indianmoneyplus.com