STOCKS FOR THE WEEK 20080713

1. RELIANCE(2016) is a candidate for shorting this week. Go short only on a close below 2000 for target of 1800. (If reliance is weak then it is an indication for traders to be cautious on other counters as well).

2. INFOSYSTCH(1677) has not turned negative so far until it holds 1530. But it is also a candidate for shorting for a target of 1575 this week.

3. SBIN(1221) is the sturdiest among the lot at the moment though, it has to abide by the market dictats and move accordingly. If it manages to hold 1100 then expect it to give returns for long positions.

Please remember to initiate positions according to market outlook as a whole. Combining weekly outlook with stock outlook is always recommended for better positioning your stakes. Therefore, please also see our other blogs(links on top right) for weekly outlook.
UPDATES (ONLY IF NECESSARY) WOULD APPEAR EITHER AT 0900hrs, 1230hrs, 1430hrs OR 2100hrs. (-5:30 GMT).