Sunday 5 October 2008

Market outlook and intraday tips for 6th Oct

US markets opened positive and then went in negative zone.
Asia may open flat to negative.
If we open negative our markets will start recovering.
More over crude is bellow 94$.
Inflation came at 11.99% After 13 weeks inflation is below 12% mark.
We will surely start recovering from days low.

Intraday Tips.
Punj Llyod.
Buy Above 272 for targets of 282 , 287 , 291
Sell Below 268 for targets of 263, 261 ,258
RNRL
Buy above 69.40 for targets of 71.30 , 72.90 & 74.90
Sell Below 66.10 for targets of 65.40 , 64.10 , 62.85
Adlabs
Buy above 329 for targets of 335 , 339 , 345
Sell Below 319 for targets of 316 , 310 ,307

Source: indianmoneyplus

Posted by Harsh at 20:25

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.