Overview: Today, Nifty may face resistance near 2640, 2665, 2680, 2700, 2730 and may take support near 2610, 2585, 2570, 2545, 2520. If Nifty fails to cross 2640-2665 resistance zone, it may surrender all its gains. Accordingly there will be weakness in the Markets if Nifty falls below 2610 level on lower side.
Stock Tips:
1. INFOSYS : Sell this stock at higher levels if it fails to cross 1205, 1210, 1215 for down side targets of 1190, 1175, 1160. Keep Stop loss at 1220.
2. RELIANCE : Sell this stock at higher levels if it fails to cross 1205, 1210, 1215 for down side targets of 1180, 1170, 1160. Keep stop loss at 1220.
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.