Buy BPCL on dips, GAIL India may test Rs 410: Rahul Mohindar

Rahul Mohindar, Technical Analyst at viratechindia.com told CNBC-TV18, "GAIL India for long-term looks very positive. In the near term, I would expect the stock to move to levels like Rs 400-410. So, that would be a target I would be trading in for. We keep stop loss at Rs 375. This is more a trading call, of course if you are looking at longer term, we are still very bullish on GAIL and you might see a much larger incremental gain." "The reason I brought BPCL up is because there are a lot of traders who are kind of looking at this stock which has been a star performer today at a new high. However, I would urge people to hold on to the stock; I think that you might see intraday resistance at about Rs 1,020 level and if you do get any kind of dip, it is worth getting into. We still see Rs 1,150 as our long-term target. So, I would be maintaining long positions on BPCL or accumulating on any drop for that Rs 1,150 longer term target which would be prudent," he said.