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2 May 2010

Hot Stock Tips for Reliance, SBI , Infosys and Tisco | 03-08 May

Reliance as suggested is in down trend and thus if this down trend remains in force, one can see stock falling to levels of Rs 975-965. One can see stock getting support at the levels of Rs 994. As a strategy one can be short in the stock with stop loss as Rs 1066 as thereafter stock can finally touch the levels of Rs 1235.

SBI is in short term bull trend and if it remains above the level of  Rs 2,300 than the stock can target the level fo Rs 2485. However if the level is broken than one can see stock falling to the levels of Rs 2100-2000. It appears that stock is likely to remain range bound between Rs 1900-2500 for few coming weeks.

Infosys is likely to trade with a negative bias in coming days if it falls below Rs 2599 level else it will target level of Rs 2900.  In case it falls below Rs 2599 than it can fall to the levels of Rs 2500-2350.

Tisco is in down trend and can fall to the levels of Rs 600-520-490 if it remains below level of Rs 634. However if it remains above this level than it can target Rs 648-Rs 670- Rs 700.

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