Sanjay06

Short ONGC DECEMBER Future at 300-310 range

Short
NSE:ONGC   OIL & NATURAL GAS
1
ONGC is running a long rally and as per my analysis I expect it to revert back for some 20-30 points. Good Entry point for shorting the DECEMBER Future contract will be when ONGC script hits 300-310 levels.

On the news front ONGC is giving Bonus and all but still expect the script to show some strong downside.