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OIL AND NATURAL GAS CORP.

ONGC : Skewed premium of Puts - Nice sideways setup

118
  • Volatility (IVP) is very low in the stock
  • Zone of 235-240 seems strong support (reversal at high volumes)
  • On upside, 200D-EMA and Pivot of 270-275 is good resistance
  • Max Call OI build up at 270 / 265 levels too
  • Can be volatile but mostly sideways action for Feb Series
  • Trend strength is not there in either direction



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stoxsense
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learntradingwithsudhirstoxsenseTrend Analysis
stoxsense
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.