Keep Hold Nahar Spinning Mills Ltd touch 100+....

Overview: Today, Nifty may take support near 2760, 2750, 2735, 2720, 2700, 2685 and may face resistance near 2785, 2800, 2820, 2835.
Today, Nifty may take support at lower levels and try to move upwards from lower levels by taking support inbetween 2760-2735 support area. As long as Nifty stays above 2720, there will be chance for bounce back and upward movement. In case if Nifty falls below 2720 and start sustaining there, it is not safe to hold long positions or take long positions.

Stock Tips:

1. INFOSYS : Buy this stock at lower levels or on declines near 1228, 1224, 1220 on evidence of support and bounce back for targets of 1235, 1245, 1255. Keep stop loss at 1215.

2. RELIANCE : Buy this stock at lower levels or on declines near 1280, 1275, 1270 on evidence of support and bounce back for targets of 1290, 1305, 1320. Keep stop loss at 1265.

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.

BSE Sensex: (8843) we had our supports at 8631 and the market bounced from 8619 and has closed flat thus giving away its sideways structure as expected. We now into F&O expiry in just 2 days and so more sideways action and some short covering is not ruled out…downside seems limited and so the only option is perhaps UP…

The support for the Sensex is 8630 and the resistance to the up move is at 9030-9157


Nifty: (2736) the support for the Nifty is at 2685 and the resistance to the up move is at 2789-2824


BHARTIAIRTEL above 637 SL 634 Target 645-651

L&T above 630 SL 622 Target 645-657

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:

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.