Ahead of Oil India Ipo all OMC(oil marketing company) looks good at current level....HPCL, BPCL, IOC, ONGC able to sustaing their upmove even at last trade where market was giving weak movement on frideay....
Looking at Nifty movement Nifty spot if not sustain above 4640 spot level can come down to 4460/4470 cash level so be very careful better let market to decide whether it wants to sustain its gain or want to clean up market before giving some big move...
As for sensex 15208 will be a strong support to get maintained better check whether on closing basis if these level maintained for coming days we may welcome new BULL phase but this condition is must....
Even in down market dont short OMCs they look strong.
DISCLAIMER- ITS GOOD TO ASSUME THAT ME AND MY CLIENTS HAVE THE SAME POSITION DISSCUSSED
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