"TRADING RECOMMENDATIONS" : 08SEP TO 12SEP 2008

RELIANCE(2081)
It reversed from 2281 peak last week but is still holding above its crucial support at 2050. Inability to move above the zone between 2150-2175 in near term would keep it under pressure to move lower towards 1900 levels. But, at the same time a reversal from 2000-2050 zone would keep it buoyant with a targets of 2250 or higher.
No fresh long calls at the moment. Just hold the existing longs as long as it remains above 2050. Otherwise, go short on a close below 2050.


SBI(1520)
This stock could be considered for "short term investing" if does not close below 1430 this week. Then the targets would be 1700 to 1900 in weeks ahead. Investors can buy on declines with stop loss at 1300.
Short term traders can consider going long on reversal from 1430-1400 levels with a stop loss of 1400.


INFOSYSTCH(1712)
Peaked at 1805 last week and moved down in sympathy with the markets. But it still has a fair chance of remaining positive in near term to medium term. Investors keep holding the stock with stop loss at 1600.
Traders may look for an opportunity on a fall around 1675 levels with stop loss at 1600. Medium term targets are 1800 to 1875.


NIFTY FUTURES
In combination of expected optimism due to NSG clearance with very weak signals from world markets, it is yet to be seen as to how markets pan out next week.
Therefore, calls if any, would be posted on updates (updated once everyday in normal circumstances).

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!