Inference By RSI : Considering Overbought value :75 Oversold value :25

Infosys is approaching RSI of 75 .So, people who already own the stock should hold so as to make profit soon. New buyers should refrain from buying this as trend reversal approaches . Recommendations: Hold for existing users Wait for new buyers.

Inference By moving average : 50 day moving average and 100 day moving average cuts the price line from above .Fundamentally, it might come down to 2600 levels from 2800 level in near term. However, 15 days moving average cuts it from below so, in very near time frame signal is buy.

Recommendation: In Immediate term: Buy Normal recoomendation: Hold

ONGC LTD:

Inference by moving average method: 15 day moving average ,50 day SMA,100 SMA cuts the price line from above .So,sell. With upstream regulators also being made by Govt. ONGC might be on receiving end. Recommendation: Sell as returns less. Inference by RSI: Stock losing steam on RSI values of 65-70. Repeated highs around 60-65. Recommendation: Sell or hold for sometime to Sell.

ICICI BANK Ltd.

Inference by RSI: Oversold value around 75. Stocks has already made a high < 75 in October month. Being a rate sensitive stock ,its price also depends on RBI moves . RBI rates not expected to increase not much . Immediate term: Buy Medium term : Hold for existing stockholders.

Inference By Moving averages: 15 day moving average cutting price from below. Market volatile . Quaterly results also good as per street expectations.

Recommeded: Buy in immediate term.