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15 Feb 2009

Free Indian stock Tips | SBI, ONGC | 16 Feb - 21 Feb

1. State Bank of India has resistance at Rs 1,205-Rs 1,245. As a strategy one can short if these levels are not surpassed. If the bull trend of last week continues than the stock can traget the levels of Rs 1,350 and thereafter the level of Rs 1400 which will act as resistance.

2. Stock has support near Rs 1,140 - Rs 1,100 and one can say that the trend of stock is neutral.

3. ONGC has strong resistance at Rs 736 and thus one has to be cautious in this stock while trading. Stock has support at Rs 636-Rs 615. This stock has to move beyond the level of Rs 750 to show the bullish trend and thereafter the stock will encounter resistance at Rs 800 and then Rs 866. One can go long only if stock moves past the level of Rs 870 level.

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