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31 May 2009

Indian stock market Newsletter for SBI and Infosys | 01 - 05 Jun

NSE BSE tips India: SBI
SBI is in an uptrend for the short term and thus the stock can target the levels of Rs 1965-2000-2020; provided the share can remain above Rs 1,827. One has to keep a stop loss of Rs 1499 in the stock. One has to keep the levels of Rs 1,755 and Rs 1,667 under atch as same will serve as supports and as a strategy one can buy the stock till the time stock is trading above the level of Rs 1754.

Indian stock market tip: Infosys
Infosys is moving in a sideways range and one can have a negative view for the stock in medium term. However in short term one can see a pull back to the levels of Rs 1,660 - Rs 1,702. However if stock is not able to sustain above the levels of Rs 1599 than it can fall to levels of Rs 1,486-Rs 1,450-Rs 1410-Rs 1380.

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