Stock Trade Tips

The stock has reflected weakness by giving a downward escape on the intraday charts, there has been negative deviation in some of the mechanical indicators on the daily charts also.

The rupee eased in opening trades on Thursday in anticipation of higher demand for dollars from oil importers. At 9:04 a.m. the rupee was at 49.29/30 to the dollar, weaker than Wednesday's close of 49.24/25.

Nifty FEB future: (5514) 5546 & 5574 nearest & 5591 a solid resistance up to which selling on higher levels will be seen, keep stop loss of 5631 to your shorts. Downward side break below 5502 it'll fall down to 5464 initially, which is a most crucial support. Break below 5462 it'll heavily crash down to 5432-5426 & 5373-5353.

Bank Nifty FEB Future: (10772) 10965 & 11072-11158 solid struggles up to which selling on higher levels will be seen, keep stop loss of 11250 to your shorts. Downward side it'll fall down to 10709 initially, which is a most crucial support. Break below 10709 it'll heavily crash down to 10571 & 10295.