ONGC is showing a surprise rally riding on the hope of disinvestment in PSU and Deregulation of oil in India news has added fuel to fire. One has to keep the level of Rs 1100 under watch as it is its key resistance and if it is able to surpass this than it can achieve a high ( Rs 1,218, Rs 1,266 and Rs 1,302 )which can turn out to be a life time high for the stock and long term view fo ONGC is positive as of now.
Indian Stock Tip: TISCO
Tisco is showing a positive move as seen on the last closing day where a sharp upsurge is seen in the stock and same may be attributed to getting low rates loans for Corus deal. Thus if the uptrend is intact than it can target the levels of Rs 457-Rs 487. One has to keep an eye on the level of Rs 325 if broken on downside will mean that the trend of stock has tured negative. During the uptrend journey if support of 325 is held than the stock can target levels of Rs 422-Rs 457 and meantime supports encountered during the bull move are at Rs 354 and Rs 316.
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