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18 Jan 2009

Free NSE Nifty Stock tip | ONGC | 19 Jan - 24 Jan

1. ONGC is having a strong support at the levels of 620-600 and thus a bounce back is observed at these levels. Thus as a strategy one can short the stock if it breaks the level of 599 with volumes as thereafter it can target the level of 540.




2. This stock is likely to be range bound between the levels of 600-750 and it will face resistance in its upward journey at 661 and 691. However as per the charts the trend of the stock is down.

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