IOC, ONGC trade with positive bias: Mileen Vasudeo, Angel Broking

Considering that most of the oil marketing companies have actually not done a whole lot in the recent past, do you think probably picking up these counters now is prudent?

Mileen Vasudeo: If you see IOC or ONGC at current levels, yes, they have been bounce backing from the 200-day moving average, so one can initiate a trade over here, yes, keeping a stop loss of 1270 and on the upside, yes, ONGC if it clears the resistance of 1325 or 1350 levels, yes, you could see ONGC testing 1375 level, so one can trade with positive bias in IOC as well as in ONGC.

Mahindra Satyam, at 64, is it a hold or a buy?

Mileen Vasudeo: This stock is in a lower top lower bottom cycle, so there is no investor interest in this stock at all. One should use all this bounce in the range of 65-75 levels to exit the counter because it is in a strong downtrend.

Shoppers Stop, more headroom left on the chart at 744?

Mileen Vasudeo: Yes, today’s price action do suggest there is some headroom on the upside and Shoppers Stop in coming few trading sessions could test the levels of 780, so one can keep a stop loss of 720 and hold this counter.