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15 Mar 2009

Free Indian stock trading Strategy for SBI and Infosys | 16 Mar-20 Mar


1. SBI trend will only change once it moves above the level of Rs 1001 as thereafter the stock can target the levels of Rs 1,051 and then Rs 1,085.

2. However if stock keeps on hovering below the level of Rs 890 than it can fall to the levels of Rs 855.

3. It is no doubt that SBI is a good stock and thus it becomes imperative on long term operators to accumulate this stock between Rs 850-Rs 1000 levels to get good returns from this stock.

4. Infosys has a strong support at the levels of Rs 1164 and last week riding good global cues one can see stock touching the levels of Rs 1300-Rs 1400. As a strategy one can buy Infosys once it closes above Rs 1306 level as ultimately in an uptrend
it can target the levels of Rs 1457.

5. On the lower side if Infosys fall to the level of Rs 1150-Rs 1100 in case the stock is not able to sustain itself above Rs 1300 level.

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