Munafa ONGC (target) price & Options chain analysis (Oil & Natural Gas Corporation Limited) Option chain analysis (ONGC) 27 Tue January Expiry Which Call CE or PUT PE options to buy or sell in Oil & Natural Gas Corporation Limited ONGC
Lot size for OIL AND NATURAL GAS CORP. ONGC is 2250
ONGC Option Chain Data Analysis for Oil & Natural Gas Corporation Limited ONGC option chain
Maximum Call writing has been for strikes: 245 240 250 242.50
Until yesterday Maximum Call writing has been for strikes: 240 245 242.50 235
Open Interest of Call writers for the options of Oil & Natural Gas Corporation Limited ONGC is shifting upwards. This would mean that markets are moving in an upward directions. Buying Calls and CE of Oil & Natural Gas Corporation Limited might be more profitable. However, avoid buying CE of strikes higher than ones listed above, as these will serve as resistance
Maximum Put writing has been for strikes: 240 235 220 230
Until yesterday Maximum Put writing has been for strikes: 235 240 220 265
Open Interest of PUT writers for the options of Oil & Natural Gas Corporation Limited ONGC is shifting downwards. This would mean that markets are slowly moving downwards, and buying PUTS and PE might be more profitable. However, above mentioned levels will serve as support so avoid buying PE below those above mentioned levels.
ONGC Option Chain Price Analysis for Oil & Natural Gas Corporation Limited ONGC option chain
Stock is in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Oil & Natural Gas Corporation Limited ONGC at this time.
It appears as if Oil & Natural Gas Corporation Limited ONGC gave a large move recently.
Stock of Oil & Natural Gas Corporation Limited (ONGC) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.
My analysis of Oil & Natural Gas Corporation Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Oil & Natural Gas Corporation Limited stays above 239.4, but if it comes below 239.4, then a intra day sell could be more profitable. If you take a sell trade below 239.4, then use 239.4 as stoploss and 236.4 as target. However if you take a buy trade in Oil & Natural Gas Corporation Limited, then use 239.4 as stoploss and 243 as target.
Oil & Natural Gas Corporation Limited ONGC Option Chain, OTM CE, ITM PE
Below is full option chain of Oil & Natural Gas Corporation Limited for strikes which are OTM CALLS (CE), and ITM PUTS (PE).
These are CALLS which have only time value in them, no intrinsic value. PUTS however have both time value and intrinsic value in the premium.
Oil & Natural Gas Corporation Limited ONGC Option Chain, ITM CE, OTM PE
Below is full option chain of Oil & Natural Gas Corporation Limited for strikes which are ITM CALLS (CE), and OTM PUTS (PE).
These are PUTS which have only time value in them, no intrinsic value. CALLS however have both time value and intrinsic value in the premium.