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21 Apr 2009

Technical Indicators for stocks of India | Reliance, ONGC and SBI


1. Indian oil exploration stock ONGC has strong resistance near Rs 886 levels and once it is able to close above the same on weekly basis than one can see a target of Rs 950 in days to come.

2. Indian banking stock SBI has a medium term target of Rs 1600 and one can use the downtrend in the market to buy the said stock near levels of Rs 1200.

3. Indian petrochemical giant Reliance Industry is all set to fall and one can see it touching levels of Rs 1650 and thus present rally be used to book profit in the stock.

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