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26 Jul 2009

Indian stock market tips ~ ONGC and Infosys 26-31 July


ONGC has a positive trend till the time stock remains above the level of Rs 969 and it is in an uptrend in the medium term. One can see stock consolidating between the levels of Rs 969- Rs 1,200. One should go long only if stock break past above 1200 level or short if it falls below 969 level.

INFOSYS is also showing a smart upmove and as a net result stock has reached the short-term target between Rs 1,901 and Rs 1999 as suggested in the last week. Thus if the stock is able to move above the level of 2001; another rally can be seen in the stock which can take the stock to the level of Rs 2,439 in medium-term.
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