Buy HPCL between 405-410: Ashwani Gujral

ET Now spoke to Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, on his take on oil marketing stocks.

For traders oil marketing stocks?

Oil marketing at best will move sideways because crude has not cool down to such a great extent that you will get an extended move.

Overall these are choppy stocks not showing a whole lot of trend but at lower levels if BPCL reaches 640-650 from there it becomes a trade to about 720-730.

HPCL closer to 405-410 you can try to buy it but you like to be in strong stocks when you have to be trading as a day trader or even as a positional traders, you do not want to get into choppy stocks which a news based or are derivatives of some thing else. You would much rather trade crude than trade an HPCL.