Exit HPCL Target Achieved

Investors and traders who took position in our call for buying HPCL around 398 level can exit now as the target given for 423 already crossed and trading around 425.

Our Recommendation of buying Oil companies gives huge profit

We had recommended a buy on oil and oil marketing companies in our post dated 26 June 2014 Thursday.

And just in two trading sessions these stocks have made a good gains.

We still are bullish on our recommendation, but one should start booking profits if it hits or target or their likely target and returns.

ONGC recommended at 412 on Thursday Hits a high of 425 on Monday

HPCL recommended at 398 on Thursday Hits a high of 419 on Monday(Gain of 5% in two trading session )

OIL India recommended at 565 on Thursday June 26 2014 hits 588 on Monday.

Is Sudden Fall in OIL and OIL Marketing Stocks a good opportunity to buy ?

Yes, Its not only good but an excellent opportunity to get into the oil and oil marketing stocks today as they have fallen due to delayed price hike in gas and other prices.

• Buy ONGC around 412 for short term positional call and target of 440
• Buy HPCL at 398 for the target of 421 as short term positional call
• Buy OIL India at 565 and hold for medium term of 3-6 months for the target of 750 plus.

The above can be taken as positional call and wait for a period to achieve the targets which these stocks will do in very short time frame.