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Reliance Communications closes below its 161.8% fibonacci retracement, previous support will now act as resistance.


RELIANCE COMMUNICATIONS
Charts updated on - 12th February 2015.


  • Stock has closed below 161.8% fibonacci retracement around 70, this indicates as long as it holds below bears will be favored, as previous support will now act a resistance for Reliance Communication.
  • Visit link for analysis on Reliance capital.
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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

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