Published on 10/01/2018 2:22:23 PM | Source: Religare Securities Ltd

Sell ONGC Ltd For Target Rs.8.50 - Religare Sec

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

Derivative Ideas

ONGC added around 3% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in its price. We suggest buying ONGC Options as per below levels.

Strategy: Buy ONGC 200CE between 4-4.50, SL– 2.40, TGT– 8.50


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