1. Reliance Industries has support at Rs 2,100 and If Reliance Industries breaks this level then it can test Rs 1980-1,750-1,700. As a strategy one can go long in this stock for a short term target of Rs 2350 provided 2120 level is held. Look for stock crossing the level of 2270,2350,2430 provided 2120 level is held.
2. Oil price hike gave an impetus to ONGC and thus it has support at Rs 770-780 and resistance at Rs 950. An upside in the stock can be observed only if the stock is able to hover above 950 levels and then one will be seeing a sustained rally in the stock.
3. Important supports and resistances for Tata Motors is Rs 450 and Rs 650 respectively. One can buy this stock as a long term bet.
4. Infosys has important resistance at Rs 2,050 and it has supports at Rs 1,850-Rs 1,780. One can hold the stock till the time stock trades above 1760 level and exit if this level is broken.
10 Jun 2008
Indian Stock Market Reports and Analysis for Reliance, ONGC, Tata Motors, Infosys
Indian Stock Market Reports and Analysis for Reliance, ONGC, Tata Motors, Infosys
2008-06-10T23:10:00+05:30
Analyst
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