TRADING TIPS: 15SEP TO 19SEP 2008

RELIANCE(1933)
Signs of weakness are emerging in this stock and is also poised above the crucial level of 1900. A close below 1920/1900 would imply more pain in the offing and it could move down to 1700 levels in near term.
However, on sustaining above current levels or above 1900 would keep it buoyant with resistances at 2100, 2150 and 2200 in the near term. Trade accordingly.

SBIN(1514)
It is still the sturdiest among the lot from trading and short-term investing point of view. Short term traders could buy it on declines at support levels around 1450, 1420 and 1400 with stop loss placed at 1390. Short term Investors' stop is 1300. Targets would be 1650 and 1850 in near to medium term.

INFOSYSTCH(1644)
It made a big, long red candle on the charts last week turning things iffy for this stock. Now it has a laborious task of moving past the levels at 1800 to turn things positive for itself. On the way up, it has resistances at 1700 and 1740. Go short if fails to move above 1700 this week.
Supports would be at 1600 and 1580 levels in the short term. Breach of the second support would be an indication of impending weakness in the offing.

NIFTY FUTURES
Please trade according to the levels given in Weekly Index Outlook and/or as per the calls posted on UPDATES from time to time, if any!


Please Note:- The details given above are mainly to acquaint you with near to medium term trend in the stocks. But as the picture unfolds every day, fresh calls, if any, are posted on the updates.
Therefore, you are requested to keep a check on updates every day. Moreover, one should also trade in tandem with the prevalent market sentiment.

Wishing You a Happy Trading Week!