HPCL, BPCL buying opportunities; short GAIL: Suhkani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) are buying opportunities. It does appear that the oil marketing companies are going to stall. I do not have it in the list but their rallies are going to now eventually face resistance because you can only have so much of a good thing.""GAIL India is a short sell. Look at the chart; it falls, pauses and then falls again. It has been pausing for the last five-six days and it is almost ripe for a new low," he added.