Sell Essar Oil, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Essar Oil has been consolidation. It is not giving us any signs of breakout. So, one should sell at the current levels."

At 11:55 hrs Essar Oil was quoting at Rs 49.40, down Rs 1.75, or 3.42 percent.

The share touched its 52-week high Rs 96.15 and 52-week low Rs 46.05 on 04 February, 2013 and 06 August, 2013, respectively.

Disclosure: Analyst doesn't have positions in the above stock.