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6 Sep 2009

Indian Stock Market Tips for Infosys and ONGC | 07-11 Sep

Infosys as a stock has given a breakout for the upside and as a strategy for short term one can be long in the stock with stop loss as Rs 2099. One can see stock rising to the levels of Rs 2,275-Rs 2,375-Rs 2,439. High risk traders can be long in the stock till the level of Rs 1949 is not broken.

ONGC has been consolidating for past 3 weeks and thus one has to keep an eye for the breakout which means that the stock can target levels of Rs 1,356 on upside provided the supports at Rs 1,100-Rs 1,070 are not breached.
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