Free Day Trading Tips for Tuesday, 17.2.2009.
Overview: Today, Nifty may face resistance near 2860, 2875, 2885, 2910, 2925 and may take support near 2825, 2800, 2790, 2775, 2750. On higher side, if Nifty fails to cross 2875, 2885, selling pressure is expected. Silimarly on lower side if it falls below 2825, further fall and weakness is expected.
Stock Tips:
1. INFOSYS : Sell this stock at higher levels if it fails to cross 1230, 1235 for down side targets of 1220, 1205, 1190 by keeping stop loss at 1245. In case if it opens at lower levels, sell this stock below 1205 for downside targets of 1190, 1175 by keeping stop loss at 1220.
2. S.B.I., : Sell this stock at higher levels if it fails to cross 1145, 1150 for down side targets of 1130, 1120, 1110 by keeping stop loss at 1160. In case if it opens at lower levels, sell this stock below 1100 for downside targets of 1090, 1080 by keeping stop loss at 1110.
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 areshall not be responsible for any loss incurred for acting on the tips given above.