Friday, September 26, 2008

Hold our ONGC call, we are long on this counter from Rs850, trading at 1050-1090, hold for our targets


ONGC gained by 1% to Rs1071 after the company announced that it was looking for acquisition in Latin America, West Africa and former Soviet Union countries. The scrip touched an intra-day high of Rs1082 and a low of Rs1034 and recorded volumes of over 3,00,000 shares on BSE.

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