Trading-wise

ONGC - Theta Decay Trade

NSE:ONGC   OIL & NATURAL GAS
ONGC has been trading near the long time support level of 150 to 160 for almost a month and last week it broke the resistance level of 164.

Looking at the Support & Resistance one can sell September series 155 PE at Rs 1.3 & 175 CE at 0.40.


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