BPCL too Much Down Fall Sold for Intraday Cash and Future Trading Advice

BPCL (Bharat Petroleum Corporation Limited) is open negative note at Rs 629, while it was close 630.75 on firday. Currently BPCL is trading at 610 with 21 Rs down due to previus close.

worst stock of the month goes to bpcl down 160 points with out reason. Not without reason, it went down because crude went down which will result in inventory losses.But the fall to this extent is too much without minor pullbacks.

This downfall is not without reason. BPCL was the costliest amongst OMCs and many passive funds are selling. Best OMC bet is HPCL which is cheapest followed by IOCL.

Trading Advice for Intraday

Sold BPCL Both Cash & Future Near at 610 with target 605.7, 601.7 Stop Loss 617.