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31 Jan 2010

Hot Stock Tips to Make Money in India | ONGC and Infosys | 01-05 Feb

ONGC has a strong support near level of Rs 1,100 and same is also 200 DMA. It needs to bounce above the level of Rs 1,151 to show some uptrend, else stock is in down trend and one can short the stock provided it breaks 1099 with volumes as thereafter it can fall to the level of Rs 1,016.

Infosys is in danger as it is below its 50 DMA which stands at Rs 2,490 and same will be only reversed once stock closes above the level of 2600. If this does not happen than it is very likely that stock will fall to the levels of Rs 2,400 or Rs 2,350-Rs 2,300 in the near term.

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