ONGC, Cairn favourites in the OMC pack: Technical Trends

What happens to crude in the near term, or in the event of crude going up to $100, are there any specific stocks that you track on the charts which could show a reaction as well?

Sudarshan Sukhani: I also think that crude is now in an uptrend and usually commodities once they start trending, they do not easily stop. So while $100 is anybody’s guess, the chances are that slowly the commodity is going to inch up. For me, Cairn and ONGC are 2 favourites. Even without the upswing in crude prices, I would be upbeat on Cairn and Cairn and ONGC remain 2 excellent stocks to go for and the third safe bet is GAIL.