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8 Feb 2009

Short Term Trading Tips | IndianStock Market | Reliance and Infosys | 09-13 Feb

Hot Stock Tip Reliance

1. Reliance is showing an upmove and is likely to face strong resistance at Rs 1401 level. Stock can rise to Rs 1,364-Rs 1,400. before encountering the resistance.

2. As a strategy hold the stock in short term till the level of Rs 1,250 on the lower side is not breached. If that happens than the stock can fall to Rs 1,200. One can become positive for the stock in medium-term only if it closes above Rs 1,501.

Perfect Online Stock Tip Infosys

3. Infosys has to move above the level of Rs 1301 to show some clear direction. A point to note here is that if the stock fails to mobilise above 1300 level than the same can fall to the level of Rs 1,220 - Rs 1,160.

4. As a strategy Infosys can be held for short term till the time the level of Rs 1189 is not breached on the lower side. One can say that in the medium term Infosys is likely to show a range bound movement between 1050 -1400 level. One can be positive on the trend of stock only once it moves above the level of Rs 1401 on weekly closing basis.

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