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28 Jun 2009

Indian Stock Market Tips | Share Tips for ONGC, Infosys | 29 Jun-04 July


Indian Stock Market Tips: ONGC

1. Trading of ONGC below Rs 1,100 is a matter of concern and thus stock can fall to Rs 1,000-970-917-850 in medium term. As a strategy in this stock one can be long till the stock trades above 959 and if the stock is able to move above Rs 1001 than it can target Rs 1,132-Rs 1,220 in short term. Short-term support on a decline below Rs 970 is at Rs 917.

Indian Stocks Tip: : Infosys

2. Infosys has stiff resistance at Rs 1,850-Rs 1,900. If the stock is not able to move above this level than stockcan fall to the levels of Rs 1,740-1,670-1,400 in medium-term. However as a strategy if the stock is able to move above the level of Rs 1,851; thereafter stock will show a new strength and can target 1900-2000 levels.


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