ONGC and SBI

Hi,

Nifty is at all time and high and also broke the barrier but bullish trend is still very much speculative as global and internal woes are very much real.

Larsen and Toubro worked great. But watch out for breakout as mentioned before for more buy.

Today I come with two stocks ONGC and SBI.

ONGC:

Looks promising and good fundamentals.

Buy at 283-284 levels

Target: 291 - 293(2 to 3 days)

If crosses 293 then next Target 310 - 320.(medium term)

SBI: 

Well this stock is some what different. Its fundamentals are strong but NPA(non performing assets) are one of the highest due to bad economy and other bad loans. But overall it is a cheap buy considering it is at 3 year low.

So I would recommend it for medium to long term because it will bounce back when economy recovers.

Buy at current levels of 1665 

Target: 2000

SL: 1450

For short to medium. Target: 1850 SL:1550