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7 Dec 2008

Free Indian stock Tips: Tata Steel and ONGC for week: 08 Dec- 12 Dec

Free Indian stock Tips: Tata Steel

1. One can hold TISCO till the time the level of Rs 145 is not breached. Tata steel is in a bullish mode and thus can target the level of Rs 210 and same is confirmed on charts by strong bullish engulfing candle.

2. If stock is able to move above the level of Rs 213 than it can target the level of Rs 250 and thereafter one can say that the trend of this Indian stock has become positive.

Free Share Tips India: ONGC

1. ONGC is in downward direction mode and thus one can see stock touhing the levels of Rs 621 or Rs 598 in the near term.

2. As a strategy one can buy this stock with stop loss as Rs 549. ONGC enjoy support at the levels of Rs 600 and Rs 570.

3. ONGC resistance exists at Rs 728- Rs 738-Rs 750-Rs 800. If one is a risk averse investor than one should wait to buy this stock till it closes above the level of Rs 801.

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