Technical Analyst, Rajat K Bose is of the view that Oil and Natural Gas Corporation, ONGC has support between range of Rs 991-1010.

According to him ONGC is trading below Rs 1040. Between Rs 1040 and Rs 1060 it should have consolidated and then you could have expected a move up. So, if it would close below Rs 1040, we expect about Rs 1010 to about Rs 991 that is the next support range that might be tested.

He said Bharti Airtel can test Rs 761.

Bharti Airtel has become weak and Rs 783 is also broken and my study is that it was a key level I was looking at and now that it is trading below that maybe we are actually heading towards Rs 761 to about Rs 758 kind of support areas so as such they are weak in line with the others more or less other than Tata Motors, I don’t see any counters showing any kind of strength in Today’s market.

 Rajat advises to buy IFCI with target of Rs 51-53.

he said if the market had not been so weak, IFCI was actually showing good potential on the upside. IFCI could have actually gone up. I for one would consider that unless IFCI falls below Rs 46, at lower levels when you would be betting on a recovery, IFCI could be one of those stocks that you can actually buy expecting something like Rs 51-53 range, speaking from a trader’s perspective.