Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
Buying of Options require good movement of stock in your favor that too in quick time. Otherwise time decay will just eat away the premiums. Hence more study, more analysis is required.
That being said
My view on ONGC
Till the time ONGC is able to hold on to 118-115 levels, it has a potential target of 134 / 136.
Whether it would happen this month expiry or after only time will tell...
Can you help me with ONGC 130 CE ( 3.05)