BPCL

Buy at CMP or on declines, stop 366 weekly close, target 456-485-502

Bharat Petroleum

The OMCs have seen a selloff in the past few days .... and though the outlook for them remains iffy till the time they are given complete pricing autonomy by the govt, expect to see a pullback from the oversold zones. BPCL seems to be holding support @ 340 levels and could see an upmove to 354.