Sell BPCL, may test Rs 950: Aditya Agarwal

Aditya Agarwal of Way2Wealth Securities told CNBC-TV18, "Bharat Petroleum Corporation (BPCL) has seen a sharp recovery but again failed to sustain above Rs 1,000 levels and now we are seeing some profit booking pressure in the stock. The stock will continue to see some more long unwinding pressure from higher levels.""One can short sell BPCL around Rs 985-986 levels. On lower side the stock can test Rs 960-950 level in the short-term. So, again any pull back can be used to initiate short-positions keeping a stop loss of Rs 1,002 and on lower side, the first target is Rs 960 and below that Rs 950 is the next target," he added.