Many public sector companies gained smartly on Thursday as NSE Nifty registered strong performance despite a weak opening. ONGC, REC, PNB, NMDC, HUDCO, Power Finance Corporation shares could be in focus in today's session as well, after witnessing fresh buying on Thursday. TopNews has reviewed technical charts for some of these stocks.

Fibonacci Levels and Brief Insights

ONGC

Fibonacci Levels:
0%: Rs 203.65
23.6%: Rs 238.41
38.2%: Rs 257.21
50%: Rs 274.33
61.8%: Rs 291.45
100%: Rs 345.00
Summary: ONGC shows strong fundamentals with a high dividend yield of 5.08%. Resistance is likely at Rs 274, while support is at Rs 238.41.

REC

Fibonacci Levels:
0%: Rs 408.30
23.6%: Rs 445.88
38.2%: Rs 469.14
50%: Rs 531.15
61.8%: Rs 593.16
100%: Rs 654.00
Summary: REC remains robust in the power finance sector. Watch for resistance at Rs 469 and support at Rs 445.

PNB

Fibonacci Levels:
0%: Rs 92.40
23.6%: Rs 105.03
38.2%: Rs 114.36
50%: Rs 117.65
61.8%: Rs 120.94
100%: Rs 142.90
Summary: PNB is strengthening with immediate resistance at Rs 114 and robust support at Rs 105.

NMDC

Fibonacci Levels:
0%: Rs 63.45
23.6%: Rs 71.27
38.2%: Rs 75.44
50%: Rs 79.45
61.8%: Rs 83.46
100%: Rs 95.45
Summary: NMDC exhibits potential with resistance around Rs 75.44 and support at Rs 71.27.

HUDCO

Fibonacci Levels:
0%: Rs 122.70
23.6%: Rs 177.54
38.2%: Rs 198.24
50%: Rs 207.20
61.8%: Rs 225.15
100%: Rs 353.70
Summary: HUDCO has a bullish outlook with immediate resistance at Rs 198 and support at Rs 177.

Power Finance Corporation

Fibonacci Levels:
0%: Rs 351.70
23.6%: Rs 404.12
38.2%: Rs 426.65
50%: Rs 515.85
61.8%: Rs 605.05
100%: Rs 580.00
Summary: PFC's near-term resistance is Rs 426, with support around Rs 404. A breakout could bring momentum.