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13 Dec 2009

Indian Share Market Tips | India Stock Market Tips | ONGC | 14-19 Dec

ONGC has a stiff resistance at Rs 1,200 and thus stock is likely to be range bound between Rs 1,080- Rs 1,270 in near future.

This appears to be a consolidation and any break past the level of Rs 1200 will see stock moving to the levels of Rs 1,400 over the medium term.

Thus as a strategy one can go long i the stock with stop loss as Rs 1049.

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