ONGC has resistance between Rs 950-970

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » RELATED NEWS Buy ONGC; target Rs 1025: CLSA Angel Broking neutral on ONGC Buy ONGC; target Rs 1100: Citigroup ONGC's Rs 126 cr order spread over 3 years: Sical ONGC to incur capex of Rs 15,000 crore ALSO READ See previous views by Rahul Mohindar See what other Experts & Brokerages are saying about ONGC See messages about ONGC ONGC BSE | NSE 10/02/12 Are Mutual Funds betting on ONGC? Other Stocks in this news Reliance Industries | Tata Steel |

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."