Essar Oil has strong support at Rs 65-70: Doctor

Parag Doctor, Head - Trading Strategies, Keynote Capital's is of the view that Essar Oil has strong support at Rs 65-70.

Doctor told CNBC-TV18, “For Essar Oil technically there is strong support around the Rs 65-70 zone which is where the purchase price is. So, there is a chance of at least going towards the Rs 90 mark or so in the short-term where there is some amount of resistance. So, some kind of profit booking can be done around Rs 90 otherwise hold on to it as long as we don’t break the Rs 65-70 kind of band."