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21 Jun 2009

Sure Shot Hot Intraday Tips for ONGC and Tisco | 22-27 June

Stock market tip India : ONGC
The Oil giant of India is seeing a short term down trend with strong support at Rs 973. As a strategy for day traders if the stock breaks the level of 978Rs 920 and Rs 880. Upside it faces resistance at Rs 1,040 and Rs 1,085.

Indian Share Market Tips: Tata Steel
Tisco faces strong resistance at Rs 460- Rs 500. One could have had identified the reversal by virtue of the Hanging Man Candle Stick Pattern in the weekly charts indicating a reversal. One can say that stock is in confirnmed down trend as it has broken its 38.2 per cent retracement level. Stock Traders can as a strategy go short on the stock if the stock breaks the level of Rs 400 as stock can fall to Rs 380-Rs 347-Rs 300.

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