Market View 01-04-2009

Good Morning .....!!!

Sensex has managed gained nearly 150 points after a volatile session yesterday. Allthe sectors have Contributed in yesterday's trade. US markets did the same and gained 86 points. Buying came in Bankingand IT stocks . Crude is trading below 50$ a barrel with highinventory report from US as the industries cut the production costs.

Indian markets are expected to gain in the opening trade. As the Global & the Asian sentiment is positive we see markes to be in the positive. Banking and Reality sector are ecpected to do well in todays trade.

SBI, HDFC BANK, AXIS BANK & PNB are our favourites. SUGAR sector the stocksdid well in yesterdays trade and we see today also the run may continue.

*Members those are in profits should book profits in the trade today.

Intraday trading Ideas

Day Trading Ideas -

HDIL
Buy above 65.10 for targets of 65.90 and 66.85
Sell below 62.10 for targets of 62.05 and 61.25

LNT
Buy above 566 for targets of 571 and 578
Sell below 546 for targets of 540 and 535

Morning Brief 12-03-09

Good Morning ....!!!

The support for the Sensex is 80470 and the resistance to the up move is at 8522-8676.
Nifty: (2573) the support for the Nifty is at 2539 and the resistance to the up move is at 2704.

US markets ended mixed.
Europe also ended mixed.
Asia has opened lower. Expect Indian Markets to open flat to negative.
Inflation data wil be released today. Inflation may slip below 3% today.