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16 Aug 2009

Indian Stocks Worth Day Trading: ONGC and Infosys | 17-21 Aug


Indian share tip: ONGC
ONGC has a strong support at Rs 1,200 which was earlier the stiff resistance for the stock. The share will move toards the level of 1349 provided the stock can contnue giving a weekly close above the levels of Rs 1200. However if stock moves below the level of Rs 1199 than it can fall to the level of Rs 1,120-Rs 1,065.

Indian stock market tips : Infosys
Infosys is showing an indecisive state with a likely bearish trend and thus stock can fall in short-term to Rs 1,927-Rs 1,870. As a strategy one can be long

in the stock till the time stock trades above the level of Rs 2000. If the stock can move past the level ofRs 2100 than one is likely to witness a fresh break out in the stock.


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