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24 May 2009

Indian stocks to buy | Indian stock portfolio ; Infosys and ONGC

Indian stock portfolio: Infosys
1. Infosys is in downtrend and has supports at Rs 1,540 and Rs 1,360. if the stock is able to keep itself closing above the level of rs 1550 than the stock can target the levels of Rs 1899. One can short this stock if it breaks the level of Rs 1649.

Indian stocks to buy or Sell: ONGC
2. As per our assessment ONGC is trading at high valuations and thus stock has to close above the level of Rs 1101 to make more money for investors as stock can target levels of Rs 1200. If stock is not able to lose above 1100 levels than the stock can fall to the levels of Rs 985-Rs 915. As a strategy one should avoid going short even if stock falls below Rs 985 has stock may bounce back.
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