IOC is a short sell: Vijay Bhambwani, BSPLindia.com

Vijay Bhambwani, Author, CEO, BSPLindia.com (Technical Check), talks to ET Now on IOC.

What is the call on IOC?

Let’s take the pure oil marketing company plays first, HP, BPCL and IOC. Of these, BPCL and HPCL might fall fastest and furthest. IOC though appears weak on the charts also is resisting a precipitous decline in the absolute near term but is definitely a short sell.