StockHolding Research: BUY Indian Oil Corporation above 94; target Rs 98.5
Market analysts at StockHolding Research have suggested intraday buy call for Indian Oil Corporation with target price of Rs 98.50. Above Rs 94, traders can buy the public sector oil marketing company’s stock with a Stop Loss of Rs 91.5. Traders should keep strict Stop Loss for all the trades suggested for intraday or BTST (STBT) trade.
Indian markets opened lower today and BSE Sensex is currently trading with a decline of 200 points. Markets are looking for the next trigger but at the current levels, markets are good for day trading.
ICICI Bank is among top losers in today’s session. Yes Bank FPO shares have listed today and the stock is locked in lower circuit. Asian Paints has reported 67 percent decline in net profit on year-on-year basis. The stock was trading lower after the results were announced.
Banking stocks were trading low in today’s session with major loss seen in SBI, Bank of Baroda, Axis Bank, IndusInd Bank and PNB.