Wednesday, September 29, 2010

NIFTY 50 OIL AND GAS SECTOR TECHNICAL VIEW FOR TODAY 30 September

ESSAR OIL TECHNICAL VIEW


Essar oil has closed below the lower trend line and looking to hit 128-125 in near future if it continues to trade below 134 levels, so selling on rise will be good strategy.


HPCL TECHNICAL VIEW


HPCL has closed below the lower trend line and may now hit 510-500 in near term if it continues to trade below 540 levels, so selling on rise will be good strategy.


ABAN OFFSHORE  TECHNICAL VIEW


Aban offshore is having support at 820 levels and may now hit 820 in near term if it continues to trade below 880 levels, and above 880 may hit 920 also, so traders must position there trade accordingly.


BPCL TECHNICAL VIEW


BPCL has closed near the lower trend line and may now hit 750-740 in near term if it trades below 760 levels, so selling on rise will be good strategy.


ONGC  TECHNICAL VIEW


ONGC is looking weak on charts and has closed below the lower trend line and now it may hit 1400-1380, if it continues to close below 1480, so selling on rise will be good strategy.


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