Oil Country can test Rs 95-100: Chouhan

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Oil Country can test Rs 95-100: Chouhan

Shrikant Chouhan, Kotak Securities is of the view that Oil Country Tubular can test Rs 95-100 in the short-term.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Shrikant Chouhan See what other Experts & Brokerages are saying about Oil Country See messages about Oil Country Oil Country BSE | NSE 30/05/12 Are Mutual Funds betting on Oil Country?

Shrikant Chouhan , Kotak Securities is of the view that Oil Country Tubular can test Rs 95-100 in the short-term.

Chouhan told CNBC-TV18, "In the oil and gas pack particularly we have seen a lot of momentum and if you look at Oil Country Tubular then it is forming an inverted head and shoulder pattern. After a very long time, the stock is going up again with huge volumes. So, we can expect Rs 95-100 on the higher side in the short-term. I am not holding the stock but in midcap IT and particularly smallcap IT stocks, I am really interested and would like to go for it."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stocks/sector.