ONGC, the only positive among OMCs: Rajat Bose

ONGC, purely on the charts?

Rajat Bose: ONGC is only one stock that is looking good, others like oil marketing companies are somewhat down, although they are very close to support levels, may be that’s why they would show a jump. But if ONGC sustains above 1310, then probably you will see a good rise in that and something like 1350 to about 1360 in the short term possible.

But unless you see it crossing 1370 with good volume base buying support, I do not think ONGC’s move will also continue either. These are actually news based scrips and you do not look at them unless there is a major positive news as such.