Thursday, March 3, 2011

INTRADAY TIPS FOR 3rd March 11

Market is still continuing its fall and as is has come oversold, so some
counter rally is expected in coming days. But as overall trend is

down, the readers may stay out of the market and do not create any

long positions till the trend remains down. Percentage of stocks
above support is still below 50%, so the readers may still stay out
of the market till the percentage of stocks above support does not
come more than 50%.

INTRADAY LEVEL OF TOP SHARES

RELIANCE
Buy is advised only above 1010.2 with a stop at 977.2 Below 967.6 go for sell and put stop at 1000.5


INFOSYSTCH
Buy is advised only above 3144.7 with a stop at 3048.3 Below 3020.3 go for sell and put stop at 3116.6


LT
Buy above 1638.2 and keep stop below 1584.3 Target is 1662 next 1701.5 Below 1560.7 trend reversal can occur and next level is 1521.4


ICICI BANK
Buy above 1043.1 and keep stop below 1009.4 Target is 1057.9 next 1082.6 Below 994.6 trend reversal can occur and next level is 970

No comments: