TRADING TIPS: 22SEP TO 26SEP 2008

RELIANCE (2055)
Faces resistances at 2070 and 2144. A reversal from any of these levels can pull it down again towards 1765. Short sell on reversal from any of these levels for the targets of 1900 and lower.
Buy only on a close above 2150 for short term target of 2250 and perhaps 2375 also.


SBIN (1566)
It is still in an upbeat mood. On surpassing the near hurdle at 1639 it could achieve targets of 1700 and 1760/1770.
It is still a buy on decline up to 1435 levels with short term trading stop loss at 1400 and short term investing stop at 1300.


INFOSYSTCH (1625)
Faces resistance band between 1650 and 1700. A failure to surpass this band this week would be a cue to short sell it for targets of 1500.
The volatility in US dollar has upset its billing structure and its quarterly results are awaited anxiously early next month. However, it still remains the pride of Indian IT sector among others as well.


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!