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14 Feb 2010

Indian Shares Tips | Stocks Tips for Day Trading | ONGC and Infosys | 15-20 Feb

One needs to be careful of ONGC as it is now moving near its 200-day moving average which exists at Rs 1,123 and one should avoid going long in the stock if it remains below this level. One can be bearish on the stock in medium term and thus stock can fall to the levels of Rs 1,020.

Infosys has given a dead cat bounce back and thus a reversal isseen on the charts. One can be positive on stock only when it undertaks a move above Rs 2561 level. If this does not happen than stock can fall to the level of 2355. However one can be positive on stock till the time the same is able to trade above the level of Rs 2299.

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