Sell ONGC on rally, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "ONGC is in a trading range. It's almost doing what the Nifty is now doing. ONGC has been doing that for a much larger period. We saw some brief rallies. But I think at some point, ONGC becomes a sell on rallies. It is reaching that point, as will Reliance. Another Rs 30 more in Reliance, it becomes a sell without looking at the price. ONGC is at the same point. Any rally in ONGC should be sold into."
He further added, " Bharti Airtel has gone through some kind of a significant breakdown. We are looking at Rs 300 as the initial support level and then probably lower."
