HPCL : Any bounce should be consider as best opportunity to short this stock.

HPCL

Last close 267.30

If you find yourself in a stock that isn’t working for you just fire it – no questions asked… you just fire it. Companies with bad employees go out of business; traders with bad stocks go out of business. Keep the winners, fire the losers. This is one stock which is not showing any sign of revival. We see this stock sliding to Rs.261, Rs.255 mark. We recommend selling keeping strict stop loss of Rs.274..!!!