In My last article, I mentioned about trading budget and market related to budget. In this one I will shed light on the stocks in my radar screen which I feel would provide some trade opportunities post budget.
Reliance is down so far since May-June Phase (see the chart). And also if you notice closely there is no clear trend as price is moving from range to another range with small swings in between,This indicates that decline in price movement is weak and buyers are stepping in at every time stock makes a swing low
ONGC Futures (March 2014) on the 15min Intratrend Charts is in Buy mode since 18th Feb 2014 and the Buy mode continuing for a prolonged time. And the stochastic signals overbought levels. It is expected to break the support zone and turn to sell mode. One can short if ONGC Future closes below 316 on the 15min charts.