Derivative calls for ONGC, GAIL from Geojit BNP Paribas

Here are derivative strategies for some index stocks from Geojit BNP Paribas in trade today

DERIVATIVE STRATEGIES

ONGC: SELL
TARGET: Rs  195
STOPLOSS: Rs  209
 

SELL ONGC FUTURES at Rs  204
[BELOW MOVING AVERAGES + VOLUME JUMP + STOCHASTICS SELL]

GAIL: BUY
TARGET: Rs 339
STOPLOSS: Rs 325
 

BUY GAIL FUTURES at Rs 329

[STOCHASTICS BUY + VOLUME JUMP + OVERSOLD]