Market Outlook and Tips for 14th Sept 2009

On Friday, the 11th September, 2009, the markets opened on a positive note backed by the global cues but soon shed all its early gains and turned extremely volatile and choppy after the opening trade. The Markets kept hovering into the positive and negative territory for the entire day assisted by continuous rounds of buying and selling.

The buying and profit booking kept coming in with every dip and upside, and kept trading zig-zag confused manner due to lack of confidence among the bulls and cautious approach on the part of investors.

At the end of the session, the Nifty finally closed at 4829.55 gaining 10 points or 0.21 %

Market Outlook for 14th Sept, 2009:

The Intraday Support for the market shall be 4782 & 4749 while the market will experience resistance at 4865 & 4917.

Intraday Tips for 14th Sept, 2009:

Buy NIFTY above 4855 with a Stop Loss of 4806

Sell NIFTY below 4802 with a Stop Loss of 4860.