Buy Hind Oil exploration and Selan Exploration, sell Shiv-vani: Ashwani Gujral
Hind Oil exploration was looking pretty good around 180. It has had some run up but still we could see levels of 265-270.
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| Updated: ET Now spoke to Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, on oil exploration stocks.
What is the call on oil exploration stocks?
Broadly I track Hindustan Oil Exploration. It was looking pretty good around 180. It has had some run up but still we could see levels of 265-270. Selan is broadly sideways between 310 and 420. Chances are it could head higher towards those levels of 420. A lot of the oil stocks are doing well because of crude going higher. Shiv-Vani is one which looks weakest of the lot and probably around 340-350 it is a good time to get out of this and probably get into Hindustan Oil.
What is the call on oil exploration stocks?
Broadly I track Hindustan Oil Exploration. It was looking pretty good around 180. It has had some run up but still we could see levels of 265-270. Selan is broadly sideways between 310 and 420. Chances are it could head higher towards those levels of 420. A lot of the oil stocks are doing well because of crude going higher. Shiv-Vani is one which looks weakest of the lot and probably around 340-350 it is a good time to get out of this and probably get into Hindustan Oil.
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