Avoid ONGC, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may avoid Oil and Natural Gas Corporation.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Oil and Natural Gas Corporation (ONGC) is in a correction and even the Nifty is going to enter a correction. There is no change of trend. So, ONGC once it has started the correction is an avoid. We don't want to short sell it. We want to step aside unless this correction is over and that could take three weeks."

At 14:06 hrs Oil and Natural Gas Corporation was quoting at Rs 424.10, down Rs 19.10, or 4.31 percent. It has touched an intraday high of Rs 440.50 and an intraday low of Rs 408.65.

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