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22 Apr 2008

Infosys, Relaince Industries, Tata Steel and ONGC Update for 23 Apr

1. Infosys Update In case Infosys stays above 1620 than Infosys appears to be the best bet in IT heavyweights pack. However if 1619 is broken than one can see the level of 1,560 in the near term.


2. ONGC Update: ONGC has a major resistance at Rs 1,201 and in case same is crossed with volume than it can again move ahead.

3. Tata Steel Update: Tata Steel is presently in a medium term uptrend and one can hold it to see a target of Rs 850-900 in the near term.

4. Reliance Industries Update:India Infoline has initiated a buy coverage on Reliance Industries and has given a target price of Rs 3,196 for the stock.

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