Free Day Trading Tips for Monday, 16.2.2009.
Overview: Today, Nifty may try to touch higher levels from opening levels or from a small decline from opening level. Nifty may face resistance nar 2975, 3000, 3025 and y take support near 2925, 2910, 2890.
Stock Tips:
1. RELIANCE : Buy this stock at lower levels or on declines near 1380, 1375, 1370 on evidence of support and bounce back for targets of 1390, 1405, 1420. Keep Stop loss at 1365.
2. RELIANCE CAPITAL : Buy this stock at lower levels or on declines near 427, 424, 420 on evidence of support and bounce back for targets of 435, 445, 455. Keep stop loss at 415.
Note:- It is always safe to trade in the direction of the Market. Take long positions while the markets are recovering or moving above and take short positions when the markets are falling without signs of recovery. Always follow stop loss levels strictly.
DISCLAIMER:
1. The group owners do not have any interest or positions in the above mentioned Stocks.
2. The Stock Tips and recommendations given in this email news letter is for information purpose only. No representations can be made that the tips given here will be profitable or that they will not result in loss.Trading involves considerable risk. The Tips in our news letter are given with the understanding that readers acting on this information assume all the risks involved and that they are trading at their own risk. The above recommendations are based on the theory of technical analysis and they do not reflect the fundamental validity of the stocks/securities. we shall not be responsible for any loss incurred for acting on the tips given above.