TRADING TIPS: 06OCT TO 10OCT

RELIANCE (1761)
Supports are at 1683 and 1647. Resistances would be 1960 and 2110.
A big deep cut last Friday itself speaks volumes about its negativity increasing week after week. In the short term it may rebound from any of the supports mentioned above, but a breach below 1700 itself would open the lower "medium to long term" targets of 1500 and 1300.

SBIN (1484)
Strangely, this stock tried to remain in an uptrend most of the time. Yet, it needs to surpass the levels of 1527 and1620 to head towards 1700 and then 1850. It has supports at 1460, 1440 and 1419. But the support at 1300 levels would be considered the last hope of short term traders. Accordingly, the traders may trade long in this stock (stop loss 1250) if and when the markets start moving up; more so above 1620.

INFOSYSTCH (1390)
Its quarterly results are due on 10th Oct this week. Weakness is apparent in this stock chart. It has resistances at 1500 and 1600 levels. A close above 1500 could bring some hope for the near term but...? Watch out for an options strategy for this stock by next Thursday on updates.