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14 Jun 2009

Best Indian share to Sell at this point | SBI and Infosys | 15-19 June

Intraday stock tips: Infosys
1. Infosys chart is suggesting that stock is experiencing selling pressure at the levels of Rs 1,850 and if it is able to sustain above this level than it can target the level of Rs 1,900 in medium term. However during its upward march key resistances are Rs 1,800 and Rs 1,854.

2. Day traders can keep an eye on the level of Rs 1749 in Infosys which if broken means that stock can fall to the levels of Rs 1,560-1,540-1,370 over the medium-term.  Long term investors must exit this stock if the stock breaks the level of Rs 1539.

Day trader tips BSE : SBI
3.  SBI is witnessing  modified evening star pattern in the weekly candlestick chart which means that stock is likely to fall to the levels of Rs 1,537-1450-1,300 is possible over this time-period.  As a strategy one can short this stock from short term point of view if the stock is not able to sustain above 1699 level.

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