Rahul Mohindar of Viratechindia is of the view that Oil and Natural Gas Corporation, ONGC has resistance between Rs 950-970.

Mohindar told CNBC-TV18, "One cue could be, when ONGC gets past resistances of Rs 950-970, other one is Reliance Industries breaking out of Rs 1,750, Tata Steel above Rs 620. These three would give some major triggers to the market."

He further added, "The mood on technology is mixed. Midcap seems to be an area where we seem to be much more bullish upon. But in the frontliner, we need to see Satyam get past Rs 475, these are some of the levels and stocks we will watch out for giving the markets some direction."