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Oil and Natural Gas Corporation
Ongc down target=490....
Posted by :
rishu88Tracked by: 1 Boarder
now we say again sbi can hit back to back to 1020 and LNT hit back 650 , ril hit 1020 . with in soon period if market is not able cross the 1st typical resiatnce of 9350 for bse and nifty resiatnce of 2800 for closing. we do not hope that market will able to closes above this level . only time is enough that market isgod . we have to closes this evel for 2 or 3 days continously then we can say that down will end . otherwise we are indangrous zon . ...
In reply to:
Ongc down target=490....
Posted by :
rishu77
yesterday the market closes to near about in resistance level of market . but rember we have written that market is getting the resistance of 9350 for bse and nifty is restance of 2800 . both resiatnce are most to cross. if market closes above these for three days then we can that 1st restistnce is cross. but the most imporsnt is second rresitance is 9800 for bse and nifty will be 3200. u can not think it will be easily break 
Ongc down target=490....
Posted by :
vkk43Tracked by: 1 Boarder
I do agree with you....
In reply to:
Ongc down target=490....
Posted by : rishu77
yesterday the market closes to near about in resistance level of market . but rember we have written that market is getting the resistance of 9350 for bse and nifty is restance of 2800 . both resiatnce are most to cross. if market closes above these for three days then we can that 1st restistnce is cross. but the most imporsnt is second rresitance is 9800 for bse and nifty will be 3200. u can not think it will be easily break
Ongc down target=490....
Posted by : rishu77Tracked by: 1 Boarder
yesterday the market closes to near about in resistance level of market . but rember we have written that market is getting the resistance of 9350 for bse and nifty is restance of 2800 . both resiatnce are most to cross. if market closes above these for three days then we can that 1st restistnce is cross. but the most imporsnt is second rresitance is 9800 for bse and nifty will be 3200. u can not think it will be easily break ...
In reply to:
Ongc down target=490....
Posted by : vkk43
Crude is likely to remain weak for obvious reasons.
ONGC has a strong support around 610/- and from there it could bounce back, I feel.
Chances of crude coming down to 25 dollar in near term are remote, I feel.
Thanks.
Ongc down target=490....
Posted by : vkk43Tracked by: 1 Boarder
Crude is likely to remain weak for obvious reasons.
ONGC has a strong support around 610/- and from there it could bounce back, I feel.
Chances of crude coming down to 25 dollar in near term are remote, I feel.
Thanks....
In reply to:
Ongc down target=490....
Posted by : marketman
Crude is now at 43 and still looking very weak.... the ongc eps may fall to below 60 with the crude at 45.... so,with the maximum pe multiple of 8 the stock is fully valued at the mentioned price in this extended bear market.... so,the scrip will continue to be weaker in coming sessions....
If the crude comes down to 25 dollar per barrel,govt will have to announce some package(reverse subsidy) to this company for its survival....
Ongc down target=490....
Posted by : marketmanTracked by: 1 Boarder
Crude is now at 43 and still looking very weak.... the ongc eps may fall to below 60 with the crude at 45.... so,with the maximum pe multiple of 8 the stock is fully valued at the mentioned price in this extended bear market.... so,the scrip will continue to be weaker in coming sessions....
If the crude comes down to 25 dollar per barrel,govt will have to announce some package(reverse subsidy) to this company for its survival.......
In reply to:
Ongc down target=490....
Posted by : vkk43
At least you are supposed to disclose your identity and then talk about realistic etc.
Support
Posted by : vam_aruTracked by: 0 Boarder
Dear ar_akm,
I would not put my money in OIL exploration companies , even if it`s trading at PE level of 3 or 4....
But for the record if one wanted to be in this sector ONGC can be bought from 400 levels......
In reply to:
Support
Posted by : ar_akm
I agree with your views but opinion about entry level of ONGC?
Ongc down target=490....
Posted by : vkk43Tracked by: 1 Boarder
At least you are supposed to disclose your identity and then talk about realistic etc. ...
In reply to:
Ongc down target=490....
Posted by : Guest
In My view you may even get buy one get one free offer in crude.
Please talk realistic
Ongc down target=490....
Posted by : vkk43Tracked by: 1 Boarder
No I am not getting carried away by these analysts views. If they have their own views, I hv my own....
In reply to:
Ongc down target=490....
Posted by : Guest
I think Shanker Sharma has a hand pump in his back yard where he will get the fule pumped for may be even less than $20.
Please do not get carried by all these analysts, they always try and spread the opposit of what they want to happen.
Reliance, ONGC are good stock to hold...
Ongc down target=490....
Posted by : GuestTracked by: 1 Boarder
In My view you may even get buy one get one free offer in crude.
Please talk realistic...
In reply to:
Ongc down target=490....
Posted by : vkk43
That is his views. In my view, 20-25 is not possible in near term.
Ongc down target=490....
Posted by : GuestTracked by: 1 Boarder
I think Shanker Sharma has a hand pump in his back yard where he will get the fule pumped for may be even less than $20.
Please do not get carried by all these analysts, they always try and spread the opposit of what they want to happen.
Reliance, ONGC are good stock to hold......
In reply to:
Ongc down target=490....
Posted by : vkk43
That is his views. In my view, 20-25 is not possible in near term.
Ongc down target=490....
Posted by : vkk43Tracked by: 1 Boarder
That is his views. In my view, 20-25 is not possible in near term....
In reply to:
Ongc down target=490....
Posted by : marketman
Shankar sharma of first global predicting the crude target of 20 levels....
BSE Announcements on ONGC
Posted by : MMB MessengerTracked by: 0 Boarder
Oil & Natural Gas Corporation Ltd (ONGC) has informed BSE that a meeting of the Board of Directors of the Company will be held on December 19, 2008, inter alia, for considering the declaration of Interim Dividend for the Financial Year 2008-2009.
Further the Company has informed that, December 24, 2008 has been fixed as the Record Date for the purpose of payment of interim dividend....
Ongc down target=490....
Posted by : marketmanTracked by: 1 Boarder
Shankar sharma of first global predicting the crude target of 20 levels.......
In reply to:
Ongc down target=490....
Posted by : vkk43
However, I do not think that crude is likely to come down to 25 dollar level in near term.
Ongc down target=490....
Posted by : vkk43Tracked by: 1 Boarder
However, I do not think that crude is likely to come down to 25 dollar level in near term....
In reply to:
Ongc down target=490....
Posted by : marketman
If the crude comes down to 25 dollar per barrel,the govt may have to give reverse subsidy to this company for its survival....
Ongc down target=490....
Posted by : marketmanTracked by: 1 Boarder
If the crude comes down to 25 dollar per barrel,the govt may have to give reverse subsidy to this company for its survival.......
In reply to:
Ongc down target=490....
Posted by : marketman
As there are no indications that crude will raise to higher levels in the immediate term,the scrips like ongc will take a beating in the hands of investors....
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