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28 Apr 2009

Safe Strategy for Oil Major Scrip of India

Indian stock strategy for ONGC suggests that ONGC has a stiff resistance at the levels of Rs 891 and if this level is broken than one may see the stock touching levels of Rs 800.

2. This Indian share can target levels of Rs 1000 provided it is able to move ahead of rs 891 stiff resistance which needs to be broken with volume.

3. One can hold the stock with stop loss of Rs 799.

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