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23 Dec 2008

Intraday tip for Infosys and TISCO: 23 Dec 2008

1. As per the charts Infosys has strong support at Rs 1,080 and stifff resistance at Rs 1,300. Another tip of use for day traders is related to Tata Steel which has a stiff resistance at Rs 250 and if stock is able to move past this tip than it can target the level of Rs 275-300.

2. However keep a stop loss of Rs 205 fo long positions. If one is a long term investor he or she can accumulate the stock near 150 levels.

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