Buy RIL, ONGC, GAIL: Sukhani

Sudarshan Sukhani, s2analytics.com advises that one can buy all oil marketing companies like RIL, ONGC, GAIL and Indraprastha Gas.
 
Sukhani told CNBC-TV18, “Bharat Petroleum Corporation Limited (BPCL) probably is bottoming out. I would be upbeat on oil refining, oil marketing companies in general and the second one, not exactly refining alone is Reliance Industries. I would be upbeat on it.”
 
He further added, “I have long position on Reliance. Broadly in the oil sector- Oil and Natural Gas Corporation (ONGC), BPCL, Reliance, all of them have charts that are not in the same league as real estate. There are much better charts in the oil and gas group, even Gas Authority of India Limited (GAIL), Indraprastha Gas (IGL). So buying is suggested in almost all the stocks that we are discussing now.”