Exit Oil India, says Meghana V Malkan

Meghana V Malkan of malkansview.com told CNBC-TV18, "Oil India has made a base at the bottom and it has repeatedly taken support at Rs 400-410 levels, so exiting right now would not make any sense, so we could place a stoploss at Rs 410. Any weekly close below Rs 410 will be a good exit on the stock, I feel."At 14:56 hrs Oil India was quoting at Rs 433.85, down Rs 3.35, or 0.77 percent on the BSE.The share touched its 52-week high Rs 668.80 and 52-week low Rs 413.70 on 09 September, 2014 and 24 August, 2015, respectively.