Market outlook and day trading ideas for 12th Nov.
Published on Wednesday, November 12th, 2008 at 7:57 AMAuthor: chiro (406 Articles)
US markets had a gap down opening but recovered a bit in the later hours.
Asia has opened mixed.
Europe was marginally lower.
We may see a gap down opening to flat opening.
Yesterday we saw an intense profit booking session.
If we open negative we will see a recovery in later hours if IIP data is good.
IIP data is gona release today.
Be cautious while trading.
The support for the Sensex is 9760-9260 and the resistance to the up move is at 10050
Nifty: (2939) the support for the Nifty is at 2863-2746 and the resistance to the up move is at 3000
Day Trading ideas.
LNT
Buy above 872 for targets of 874 & 902
Sell below 851 for targets of 840 & 828
Sesa Goa
Buy above 79 for targets of 80.50 & 81.90
Sell below 76 for targets of 75.10 & 73.90
Sun Pharma Levels on www.indianmoneyplus.com
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