Gujral told CNBC-TV18, "I think something is going on in the gas space. GAIL is at all time highs. That is always a good sign; it has got support now at Rs 396, resistance at Rs 440. Even Gujarat Gas did well, for BPCL all time high is Rs 603, if it takes that out then you probably have another Rs 100 upmove, which is possible in case this dollar trade starts reversing and oil continues to move down."
He further added, "BPCL could be the stock in the oil space, which could do the best of the lot. Oil India doesn't have whole lot of data, it does not move in large ranges to comment upon."
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