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3 Jan 2010

Indian Day Trading Tips | ONGC and Infosys | 04-09 Jan 2010


ONGC is definitely a buy only above the level of 1222. Presently the stock is struck in a tight range and let it move out of it with volumes. If it crossess above the suggested level than it can target the levels of Rs 1280-1400 levels.

Infosys is in an upbeat mood on strengthening of the dollar and thus one can be
long in this share till it trades above the level of 2499 and long term investors must exit if it breaks the level of Rs 2399.

Infosys in its upward journey can target the levels of Rs 2,637-Rs 2,840. Thus as a strategy one can partially book the profit in the stock and can reenter at the lower levels.


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