ONGC can fall in coming weeks with the news of its FPO opening on SEPTEMBER 20 . The stock is trading in a range of 260 and 275 .BUT once the issue price of the FPO Is KNOWN the stock can decline to atleast to the issue price of the FPO
SO ITS A GOOD MOVE TO SHORT ONGC IN THE OPTIONS SPACE IN THIS SERIES. THE STRIKE PRICE WILL BE HORIZON of STRIKE PRICE 220 FOR AGGRESIVE TRADERS AND 240 FOR CONSERVATIVE TRADERS .
NOTE:THE ABOVE VIEW IS MY PERSONAL VIEW AND I BELIEVE IN THE MOVE . PEOPLE CAN TRY THE ABOVE VIEW AT THERE OWN RISK
CAclubindia
