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May 28, 2012, 11.41 AM IST
Sudarshan Sukhani of s2analytics.com is of the view that one can short HPCL.
Sudarshan Sukhani of s2analytics.com is of the view that one can short HPCL .
Sukhani told CNBC-TV18, "HPCL never really saw that handsome rally that BPCL went through maybe because of oil interests or whatever. Now it’s turning around. It has been in a consolidation and that consolidation seems to be breaking down. So this is one stock, at least for an intraday trade its worth looking and going short in. I don’t know about big position but for a couple of days it’s a shorting idea."
He further added, " Jet Airways is in a bear market. It does appear that the uptrend is over but we saw a rally from Rs 280 to Rs 320-330 recently. That rally was probably an upward flag, which is continuation of a downtrend. So a final visit to Rs 280 or even lower is possible in Jet, although that doesn’t have to come today because today the targets are much more modest around Rs 300-302. But eventually even a break to Rs 280 and even a breakdown is possible."
Action in Hindustan Petroleum Corporation
Jun 19 2013, 16:41
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Jun 19 2013, 12:44
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