Sudarshan Sukhani of s2analytics.com expects higher levels in Hindustan Petroleum Corporation.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Hindustan Petroleum Corporation (HPCL) is positional trade. The day trade is going to be choppy. Crude went up for one or two days, we don't count that because the trend is constantly down, we can all see that and the trend has resumed itself. It's not just crude something else is also there in this oil marketing companies which I wouldn't understand. But the charts are saying that much higher levels are coming in HPCL."
At 12:22 hrs Hindustan Petroleum Corporation was quoting at Rs 482, down Rs 4.45, or 0.91 percent. It has touched an intraday high of Rs 491.30 and an intraday low of Rs 478.50.
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