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Short Techm at 477 or around levels. Descending triangle.
Stop loss -> 485
Target1 -> 450
Target 2 - > 420
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.