Free Day Trading Tips for Tuesday, 24.2.2009.
Overview: Today, Nifty may take support near 2695, 2665, 2640, 2625 and may face resistance near 2730, 2745, 2760, 2775. Today, Nifty may open at lower levels with down side gap inline with global markets. If Nifty fails to take support from 2695-2665 support area, there will be further weakness and Nifty may fall to further lower levels. If Nifty bounces from this support area, there will be minor recovery in the Markets.
Stock Tips:
1. INFOSYS : Sell this stock below 1163 for down side targets of 1150, 1135. Keep stop loss at 1175.
2. RELIANCE : Sell this stock below 1240 for down side targets of 1230, 1220. Keep stop loss at 1245.
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.