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Published on 4/01/2019 10:15:49 AM | Source: Religare Securities Ltd

Buy ONGC Ltd For Target Rs. 6 - Religare Sec

Posted in Broking Firm Views - Short Term Report| #ONGC #Oil and Gas Sector #Trading Report #Religare Securities Ltd

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Derivative Ideas

ONGC added around 18% in open interest as short buildup was seen in it in previous session. Current chart pattern also indicates further decline in its price. We suggest buying ONGC PE option as per below levels .

Strategy:- BUY ONGC 140 PE between 2.30-2.50, stop loss 1, Target 6.

 

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