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17 Mar 2008

ONGC Update:17 Mar-21 Mar

1. I have always liked ONGC as a stock despite it sporting a PSU tag. I consider it as a best buy atdeclines and one can buy it keeping 919 as the stop loss where one can cut the losses.


2. Stock is enjoying the support at 988 and 965 and is having resistance at 1024 and 1050. Oil and gas segment has shown rally last week. One can hold it as it is of Navratna status among the public sector units.

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