Sukhani's view on Essar Oil, Petronet LNG

Sukhani told CNBC-TV18, “ Essar Oil is just beginning to move out of a very nice and attractive bullish pattern. So Essar Oil again inspite of the fact that it has moved up today fairly well this is now a buying opportunity in Essar Oil. It’s confirmed a bullish breakout, so clearly there is more upside here.”

He further added, “ Petronet LNG is bottoming out. So it’s not completed a bullish pattern but because it has a history of having spectacular gains earlier I would be a buyer in Petronet with a tight stop and expect that this could be the final low of this decline.”