Archive for December 8th, 2008

Are Markets ready for a Santa Rally?

RBI interest rate cuts, lower petrol & diesel prices, lower Central VAT and an immediate $ 4billion and proposed total $15billion economic stimulus plan all bode well for a market rally in the making. Now will we see 10,000 levels for Sensex, I am not sure but the sentiment surely is very positive.

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December 8th, 2008 | Posted in Uncategorized | No Comments

Intraday Tips and Market Outlook for 8th Dec from IndianMoneyPlus.Com

Asia has opened positive. 

Expect Indian markets to open a positive note. We can see a gap up opening of more than 200 points on Sensex.
Crude is at almost 4 years low so can this be a good news for few stocks ? Yes. 
Many stocks can benefit from this.
Levels on NIFTY are , support at 2650 and resistance for upmove at 2945 and 3150
Day Trading ideas.
Buy above 1145 for targets of 1152 and 1159
Sell below 1131 for targets of 1122 and 1113
Buy Above 362 for targets of 368 and 373
Sell Below 348 for targets of 342 and 339
Buy avove 898 for targets of 908 and 915
Sell below 871 for targets of 865 and 858
Buy above 1126 for targets of 1131 and 1136
Sell below 1110 for targets of 1106 and 1100
More ideas on IndianMoneyplus.Com 
IndianMoneyplus.Com - US markets had ended positive.
Happy Investing!

December 8th, 2008 | Posted in Uncategorized | No Comments