DSKF16
Long

ONGC: Bharat-22 ETF Series-2

NSE:ONGC   OIL & NATURAL GAS
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3
179 0
Psychological Analysis:
"GOI today announced the creation of Bharat-22 ETF ,
a move that will speed up Center's disinvestment drive.
Several time disinvestment of ONGC delayed due to less floor price.
So approach disinvestment through ETF is better route to get proper value.

ONGC: One of the Maharatna Company, recently Acquire entire holding of HINDPETRO (HPCL)
& Modified Status from "UPSTREAM" to Both "UPSTREAM & DOWNSTREAM".
Hence Price Variation of Crude Oil will Impacted less in RESULT.
ONGC: one of the heavy weight in various ETF .
In Bharat-22 ETF , Company Having 5.3% Weight.

LONG: @ 166 - @ 162.50
Best LONG: @ 160-

Swing / Short Term Target Plotted on Chart.

Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

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With warm regards.
DSKF16.
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