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5 Jul 2009

Indian Share Tips to Make Money | Infosys, ONGC | 06-10 Jul

1. Indian stock ONGC suggests that it is at an undecisive stage and is halting near resistance of Rs 1,131. In case the stock is able to move above this on closing basis with volumes than one will see stock touching previous highs of 1200+. However if the stock is not able to move beyond the short term resistance than one may see stock fall to the levels of Rs 1,219. But a reversal from here can pull the stock lower to Rs 990-Rs 920-Rs 850.

2. Similarly Indian IT bell weather stock Infosys is also range bound with in a range of Rs 1,750-Rs 1,830. One will see that stock has resistance between Rs 1,850 and Rs 1,900. However if the stock is not able to move past the said levels than it will fall to the level of Rs 1,400. One can enter in this stock only when it moves above the level of Rs 1,901.

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