2. Reliance has short term resistance at Rs 1,300. As a strategy one can go long as and when the stock moves past the level of Rs 1300 as thereafter the stock can target the level of Rs 1,375 or Rs 1,415. Short term traders can keep an eye on the level of Rs 1300 because stock if it fails to move past this level than it can fall to the level of Rs 1120.
3. ONGC can target the level of Rs 730-Rs 736 in case the level of Rs 700 is breached. In case stock is not able to move past the level of Rs 737 than it can fall to the level of Rs 620-Rs 538. Stock can be termed to be in bullish mode if stock moves above the level of Rs 801.