MUCH BEATEN REFINERY STOCK COULD WITNESS SHARP SHORT COVERING…!!! BUY BPCL & HPCL @ OPENING BELL

BPCL

Last close 389.05

Free fall ke time par feeling aarahi thi jaise…….Ham Sharif Kya Hue, Puri Duniya Hi Badmash Ho Gayi…….Lekin ab sab badmash ki kher nahi……… BPCL posts 3 fold rise in profit, beats estimates.

One can play long for a short covering rally keeping strict stop loss of Rs.384 for an intraday target of Rs.398, Rs.405, Rs.409..!!!

HPCL

Last close 284.20

This stock has been hammered down yesterday on expectation of poor results & even CRUDE was firm during market hours…..But post market hours company announced mind blowing results….& even crude crashed heavily….. Now it seems as stock is oversold…..Seller has no option but to cover short position….. We recommend buying strictly keeping stop loss of Rs.280 for an upper target of Rs.292, Rs297, Rs.305..!!!