India Stock Tip: Infosys
1. Infosys has strong resistance at Rs 1,450 level and as a strategy one can go long above this level and thereafter the stock is likely to hit target of Rs 1575. However if stock is not able to sustain itself above 1449 than stock can touch level of rs 1000 which is again a key support. However during its downfall it experiences support at Rs 1,375-Rs 1,350.
2. Risk averse investors can short this stock once it breaches past 1299 on lower side. High risk investors can short below 1449.
India Stock Tip: ONGC
3. ONGC is experiencing a short term down trend and in its upward journey it experiences resistance at Rs 890-Rs 922. However if stock is not able to cross Rs 890 level than it can fall to the level of Rs 816-Rs 790. One need to watch support at Rs 816 which is its 200 day moving average. If this level is broken on weekly closing basis than stock can fall to the level of Rs 740.
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