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27 Sep 2009

Hot Stock Tip for ONGC to make Money | 29 Sep- 03 Oct

ONGC is showing a bearish pattern and as a strategy one can go long in this stock once the stock crosses above the level of Rs 1,251 is needed to mitigate the bearish short-term outlook. In case stock is not able to move above the level of Rs 1,251; than the stock can fall to the level of Rs 1,131-Rs 1,066.

As a strategy one can short this stock as and when the stock closes below the level of Rs 1125 as thereafter stock can fall to Rs 1100- Rs 1065.

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