Stocks with Momentum: Infosys,SBI and HUL

By | January 11, 2013 8:10 am



SBI has been on a rally mode from 2050 levels, With recaptlization of banks with 12K cores news stock formed an DOJI pattern suggesting news arrival can be reversal for stock in short term.Previous support of 2562 will act as resistance now,Range of 2562-2571 will be diffcult to cross and pullback should be expected. Huge negative divergence in RSI is also observed but price needs to confirm the same.

Sell below 2537 Tgt 2523,2508 and 2494

Buy above 2572 Tgt 2582,2591 and 2615



Infosys will be coming with its earning today before market opens,Stock trading range is contracting and eventual breakdown and breakout is on cards.Trendline support comes at 2274 and Trendline resistance at 2360. Any breakout above or below this range will give a move of Ra 150.



HULHUL we have covered  few days before and stock reached our short levels also. Now Stock is at a crucial support level of 513. Unable to give a pullback HUL can see a fall till 490. Able to hold like in past few sessions bounceback till 529 is expected.

Sell below 512.8 Tgt 509,504 and 500

Buy above 518 Tgt 521,525 and 529



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