Can get out of BPCL: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about BPCL.

You had given a sell call on BPCL in the morning with a target of about 545, would you recommend getting out of this position right now?

If it has worked for you, you can get out because these are basically day trading recommendation. The problem is that say in the night something sorts itself out in Libya, tomorrow BPCL will be up 7-8%. So you should not play on such events overnight where the risk is quite high that crude may be climb $5 because of some news flow. So for the day, the trade is done but positionally, we probably need to wait.