Free Day Trading Tips for Wednesday, 18.2.2009.
Overview: Today, Nifty may take support near 2750, 2730, 2700, 2690, 2675, 2655 and may face resistance near 2780, 2810, 2840. Today, if Nifty breaks and falls below 2750-2730 support area, it may fall up to 2690. There will be minor recovery in the markets if Nifty take support at 2690. How ever, falling below 2690, next support will be at 2675-2650 support area.
Stock Tips:
1. INFOSYS : Sell this stock at higher levels if it fails to cross 1183, 1187, 1190 for down side targets of 1175, 1165, 1145 by keeping stop loss at 1195. In case if it opens at lower levels, sell this stock below 1165 for downside targets of 1155, 1145, 1135 by keeping stop loss at 1175.
2. RELIANCE : Sell this stock at higher levels if it fails to cross 1280, 1285 for down side targets of 1265, 1250, 1235 by keeping stop loss at 1290. In case if it opens at lower levels, sell this stock below 1265 for downside targets of 1250, 1235 by keeping stop loss at 1280.
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 are shall not be responsible for any loss incurred for acting on the tips given above.