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DR REDDYS Oversold, now testing strong Technical Support, Share Market Tips. Dated:21st May 2014. (Wednesday).




  • DR REDDYS LABS is in free fall from 2750 levels and now trading around 2280.
  • Stock is now trading in oversold zone as shown above in RSI - Relative Strength Index and now facing strong 161.8% fibonacci retracement support level.
  • Bulls now have some hope to give DR Reddy`s some up move from current levels. Close Watch. So far stock made a low @ 2250 of its current free fall, If trades above then stock can give some bounce from current levels.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.