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2 Jul 2009

Indian stock market Tips | Reliance, ONGC | 03 July


1. Indian stock Reliance has a pivot at 1989 and if the same is broken; than one will see the level of Rs 1950-1900. High risk category can buy the stock till Rs 1900 level and can book profit in rally. Safe category investors should buy in this stock only once it strts trading above 2112 level.

2. ONGC is having a dream run at BSe and NSE and has given a break out with volume on the positve side and bulls have taken charge in the stock. One can use the downtrend in stock to accumulate the stock near the levels of Rs 1080-1090. The stock can target levels of Rs 1200 in short term. However do remember to apply a stop loss of Rs 1035 to the stock to keep the losses trimmed.

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