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17 Jan 2010

Day Trading Tips Which Make Money | ONGC and Infosys | 18-24 Jan


ONGC is making an indecisive pattern and unless it can move above the level of 1222; one should avoid entering in the stock. In case it is not able to move above this level than the stock can fall to the levels of Rs 1190-1160 in near term. In case it is able to move above 1222 than it faces resistance at Rs 1247-1277.

Infosys has given excellent results and same is seen in the price move uptick. Thus this stock can move to the levels of Rs 2804-Rs 2900 and same is possible if stock is able to hold above the level of Rs 2600 and if this is broken than same will fall to the levels of Rs 2555. Thus as a strategy one should avoid being long in the stock if the same falls below the level of 2549.


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