Market outlook for Petroleum Product intraday today June 25, 2010

• BPCL
  

BPCL looking good for long only if cross 557 for intraday today     

Buy BPCL above 557 with stop loss of 553

Sell BPCL below 553 stop loss 557

• IOC
  

IOC looking good for long only if cross 344 for intraday today

Buy IOC above 344 with stop loss of 340

Short only below 340 with stop loss of 344

• HPC
  

Buy HPC only above 358 stop loss of 353

Sell HPC only below 353 with stop loss of 358

 

Today there is meeting of EGOM (Empower Group of Minister) on around 1 o clock for the hike of Petroleum product rate so today I m posting all 3 major petroleum company level

By posting this level I think if petroleum price going to rise than we know before it announcement if price hike is there than it should cross my buying level & sustain above there

Than only we can see price hike announcement in NEWS CHANNEL otherwise there may be no chance to hike in the petroleum product specially Petrol & Gas

Let c wat happen