Yes i am completely aware of that, confusion was between hourly transact log and full day transact log in which i can perform only one. however day full DB backup...

OIC, understood I can perform only one either hourly transact log or full day transact log. It can be taken care of but question remains what are best resources to...

Thank you Gentlemen for your valuable suggestions,

However specific to the point, 
1) data loss can go up to 1 or 2 hours tolerance, 

Thanks John for your reply & advice