In the last trading session, the stock fell 2.5 per cent with above average volume forming a bearish engulfing candlestick pattern. Initiate fresh short position with tight stop-loss if the stock slips below Rs 218 levels.
Fresh long position can be initiated if it rallies above Rs 1,144
We recommend a sell in the stock while maintaining stiff stop-loss at Rs 2,340 levels.
Initiate fresh long position only if it rallies above Rs 1,685 .
Fresh long is recommended if ONGC jumps above Rs 269.
We recommend a buy while maintaining stop-loss at Rs 825.
Initiate fresh long if the stock reverses higher from Rs 2,290.
Fresh short position can be initiated if it drops below Rs 279.
Initiate a fresh short if the stock fails to rally beyond Rs 400.
Fresh long position can be initiated only if Nifty futures reverses higher from 5,900 levels.