Sell Essar Oil, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One should sell Essar Oil, it makes so many changes in its management, in its shareholding pattern and structure. But anyway the charts are not very conducive to a rally."

At 11:52 hrs Essar Oil was quoting at Rs 94.75, down Rs 5.40, or 5.39 percent. It has touched an intraday high of Rs 99.65 and an intraday low of Rs 92.50.