ONGC has closed near a very crucial support today. On break of 858 levels tomorrow a fall upto 790-800 and 750 levels will be seen. However, a bounce back from current levels would mean a rally upto 970-1000 range. Now ONGC has the highest weightage on the Index, which means, it will be one of the deciding factors for the market in the coming days. As you know we are also bearish on Reliance which is another biggie, Market would be extremely volatile/risky in coming days. It is advisable to be very stock specific in trades, use stoploss and avoid delivery for long term. Play with swings or buy stocks which are really low valued and will not be affected much in 1000 points fall or so.Gustav...
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