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7 Feb 2010

Stocks and Shares | Tips which Make Money | Tisco, Infosys and ONGC | 08-13 Feb

Tata Steel is in the downtrend and can thus fall to the levels of Rs 498 and if its 200-day moving average is broken than it can fall to the levels of Rs 470. Thus if stock can not rise beyond the level of Rs 540, than it can fall to the levels of Rs 450.

Infosys has broken its supports at Rs 2,400-Rs 2,350 and thus trend is down till the time the stock is able to move above the level of Rs 2,450-Rs 2,510. Thus as a strategy one can short the stock if it fails to move above the level of Rs 2,450 as thereafter it can fall to the level of Rs 2,350-Rs 2,300.

ONGC is in a make and break situation as it is hovering near its 200-day moving average at Rs 1,120. In case down fall continues than it can fall to the levels of Rs 1,080-1,060. As a strategy one can go long in stock once it crosses above the level of Rs 1160.

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