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23 Jul 2008

Reliance and ONGC trading tips

1. ONGC has support at Rs 830 and resistance at Rs 1,035-1,050. In case it crossess 1050 then it can touch 1100 level.

2. If the market sees a huge fall from current levels due to world markets health then Reliance Industries may fall to Rs 1,865.


3. One can buy Reliance near Rs 2,000 level for 12- 18 months and in that period stock will see target of Rs 3,200, he says. Reliance  faces resistance at Rs 2,370 presently.

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