Downtrend for oil marketing company stocks: Rajat Bose

ET Now spoke to Rajat Bose, rajatkbose.com, on his pick for good shorting candidates right now.

Are there any individual stocks that look like good shorting candidates right now?

The oil marketing company stocks are in a downtrend and probably they would continue to be in a downtrend and I am actually very closely watching NYMEX crude because 103 to 105.25 is the range of resistance for NYMEX WTI crude and if it gets past that level, then the next target would be 110 and thereafter 115 to 118.

Crude staying at this 105 and tomorrow being the day of rage in Saudi Arabia, if that were to happen then it might actually perk up even more. So given that perhaps these oil marketing companies could be your bet because government would not give them a respite since the state elections are around the corner.