VSNL falls from resistance

vsnl touches the upper channel band and falls,if any one had shorted on the said level he would have easily made 3-4% intraday though market sentiments also helped in the fall.The simple rule to follow is buy near support and sell near resistances.
cheers
rish

TCS

1750 is a good support for tcs can thinking of longing it near that.

VSNL

360+ gives a good support and 395-399 gives a good resistance trades can be done accordingly one can try long for a target of 395-399 or else can short near 395-399 sl for short trade 401.
cheers
rish

ONGC (the creator & distroyer)

Thrusday ongc fell like heap of cards with a huge volume of 4982947 down about 6.6% well below the red line but on friday it gapped up and closed up 9.6% with a volume of 1116258 so does that shows that retail sold in panic on thrusday and now the stock is in strong hands or vice versa but one thing is clear ONGC is the CREATOR & DISTROYER of nifty.
cheers
rish