'If breached Rs 335, IOC could touch Rs 365-380'

In a chat with ET Now, Devang Visaria, Chief Strategist, Devangvisaria.com , talks about the outlook of oil and gas stocks.

What is your call on HPBP and IOC?

IOC is around Rs 330. Rs 330-335 is a strong resistance for the stock. If it were to get past this one, you could see a target of Rs 365 or Rs 380. BPCL is relatively showing more strength than HPCL and IOC. I would go along with BPCL and with a stop of around Rs 548 or Rs 545, you could trade on the long side, look for targets of closer to Rs 580 and Rs 600.