Check out the technical trends in select Nifty stocks such as Bajaj Auto, ONGC and Sesa Goa with Mudit Goyal, Technical Analyst, SMC Global
Smartinvestor : Bajaj Auto has been in an uptrend and has gained over 10% in Dec. What is your call on the stock at current levels?
Mudit Goyal : Bajaj Auto is currently trading near to its all time high so momentum is bullish for the stock. One can still make long for the upside level of 2300-2400. Close long below 2000.
Smartinvestor : Exploration major ONGC has been volatile in the past few weeks. What advice do you have for long term investors and can you mention near term supports and resistances for the stock?
Mudit Goyal : Stock was corrected sharply from 300 to 250 levels and retraced some losses upto 270 levels. Currently, it is moving sideways in range of 255-272 levels. Any breakout can be the decisive move for the stock. On the upper side, 285-290 can be the near term resistance zone and on the downside, 260-255 is support zone.
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