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5 Apr 2010

Indian Stock market Expert in Trading in Reliance | ONGC | SBI | Infosys | 05 -09 Apr

I just thought to compile the trend of prominent 5 stocks from different segments and one can day trade in these stocks and can make significant amount of money as these stocks provide quite an intraday movement to help an individual to make living from the day trading.
One has to see that this stock crosses 1121 level and it will mean that stock has come in the bullish grip. Otherwise if stock remains below the level of 1191, than it is a beaish a signal for the stock.
This stock moves the indices and thus if the stock is able to remain above the level of 1076 than it is good for the health of the stockc else stock can fall to the level of 980. However if it sustains above the level of 1076 than stock can rally to the level of 1100-1119 and stock will rally when it closes above 1121 consecutively for 2 days as thereafter it will target level of Rs 1200. No doubt Reliance is a favourite among traders and investors.
State bank of India has a good support in form of Rs 2000 which will act as a psychological support and if this level is held than stock will touch the level of Rs 2150 in sooner or later time frame. Sell your all longs if the level of 1989 is broken.
Infosys breaking the level of 2600 is not good for its health and if it remains above this level only than it will touch level of Rs 2700, else it will be in bear grip.

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