Exit ONGC around Rs 295- 300 levels, says Baliga

Ambareesh Baliga, Market Analyst advice traders to exit from ONGC around Rs 295- 300 levels.

Baliga told CNBC-TV18, “If one looks at ONGC, it moves only in a specific band and this band is about Rs 40-50. One needs to exit at the higher point of the band, which is closer to about Rs 295-300 and buyback at closer to about Rs 260-265 levels.”
He further added, “IT I have been cautious for a while especially the big boys, I do not see them showing results which will be much better than what we saw in the last quarter and especially Infosys as well as TCS, I am a bit cautious in this particular quarter and would look at selling out before the results.”