1. ONGC is trading with a negative bias and can target the levels of Rs 600 in coming days Charts are predicting that the stock is likely to fall and faces resistance at the level of Rs 715 and in its downward journey has support at RS 627- Rs 585. As a long term investment in ONGC one can enter in this stock near RS 550-Rs 600 band where value pickers will come in hordes to buy this Navratna stock.
2. State Bank of India is moving with a positive trend in the short term as its daily momentum oscillators have moved in to bullish zone and thus one can see this stock achieving the target of Rs 1,380- Rs 1,425 in short term. As a strategy one can hold this stock from short term point of view till the time the level of Rs 1189 is not breached. If Rs 1189 is broken than the stock can target the level of Rs 1125. Stock faces resistance at Rs 1,380- Rs 1,425. Long term investors can enter in this stock above the level of Rs 1421 from where the stock can head to the levels of Rs 1600.
4 Jan 2009
Day Trade with Tips based on Technical Analysis for ONGC| SBI: 06 Jan - 10 Jan 2009
Day Trade with Tips based on Technical Analysis for ONGC| SBI: 06 Jan - 10 Jan 2009
2009-01-04T01:53:00+05:30
Analyst
ONGC|SBI|
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