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30 Dec 2007

ONGC Update

1. ONGC is a stock worth investment as oil and gas sector is likely to see action in coming days by virtue of NELP VII policy implementation.

2. ONGC has a support at Rs 1,105 and may face some resistance at 1,300. However the stock has a target price of Rs 1,400-1,450, in times to come.

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