Hold Indian Oil Corporation, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "One can hold Indian Oil Corporation (IOC) as it is taking support on the 200-day moving average and it would be better if it continues to hold because there is a possibility that since this 200-day moving average is being tested after several months, there will be a bounce back from the current levels. Put a stoploss below Rs 350 on closing price basis because it is now testing that 200-day moving average."

At 15:06 hrs Indian Oil Corporation was quoting at Rs 370.75, up Rs 3.40, or 0.93 percent on the BSE.

The share touched its 52-week high Rs 450.65 and 52-week low Rs 276.63 on 16 May, 2017 and 11 August, 2016, respectively.