Technical View on Infosys,Tata Motor and SBIN

By | September 15, 2010 7:30 pm

Infosys Technology

Infy is on a roar like a raging bull and there is no stopping for this stock from past few days.Fundamentally news is not good for IT companies as US is getting wary of sending jobs to Indian Soil looking at the unemployment state in there own country.

STOC has given a negative cross over today and indicating than stock can decline in coming seesions till its 5 EMA

Short Infy @ 3085 Tgt 3052,2994 and 2936 Sl 3114

State Bank of India

SBIN after showing a spectacular rally is near its 5 EMA which can provide a good support to the stock in near term. Tommrow is RBI policy and good news can propel the stocks to higher levels and bad news can make this stock to break 5 EMA and head for lower levels

Buy above 3108 Tgt 3157 and 3190

Short below 3027 Tgt 2994 and 2946


TATA Motors has been on a decline and now standing near its crucial short tem trendline,Respecting this can take this stock again to its 52 week high levels

Buy above 1062 Tgt 1100 and 1112

Short below 1019 tgt 1002 and 981

Trade with trend and Never Fight with market

4 thoughts on “Technical View on Infosys,Tata Motor and SBIN

  1. gauresh

    Script to watch today : Bhartiatl, DLF, Hindalco, HCL Tech, ICICIBank, JPAsso., Maruti, Ranbaxy, Rcom, RelCap, Reliance, RELInfra, TataMotors, Biocon, BPCL, JindalSAW, M&M

    Specially for Intraday traders :

    It should be noted that this trading system with MySAR_A levels is in fact meant for positional trading. But by watching MySAR_A levels carefully, one can enjoy the benefits of intraday volatality. One is required to enter into trade only and only at the breach of MySAR_A level and should never enter into trade if the script has ran up or down too much. Means one has not to pick the running running train…….he has to wait for the opportunity of breach of MySAR_A level. Sooner or later opportunity will arise for trading. Patience pays……..Trade only when market gives you opportunity of trade as per the rules laid down in the system.


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