Avoid Essar Oil; could test levels of 56-58: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com shares his views about Essar Oil.

ET Now: What is your call on the Essar Group particularly the Essar Oil?

Ashwani Gujral: Well Essar Oil fell vertically from levels of 72. Maximum you could expect a rally right up to 56-58. But you would avoid these controversial stocks.