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May 16, 2012, 06.11 PM IST
Sudarshan Sukhani of s2analytics.com advice traders to go long in HPCL, BPCL and IOC.
Sudarshan Sukhani of s2analytics.com advice traders to go long in HPCL , BPCL and IOC .
Sukhani told CNBC-TV18, “The three names I track closely are Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL). HPCL is now giving same pattern that Bharat Petroleum Corporation (BPCL) was giving earlier when BPCL was coming in our buying list. HPCL is doing the same thing so is IOC. The third stock which we talked about yesterday was LIC Housing. LIC Housing at Rs 235 is at strong support. It bounced back yesterday and it’s continuing with those gains today. So it’s possible to go long.”
He further added, “At this point Dish TV is a disappointment. It was in a trading range. It fell down from that range from Rs 58 level. So I wouldn’t go and touch it now. It needs to do something better than just hang around. I would not buy it now.”
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