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Author: nikkiroy Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 68  
Subject: Technical View on Oil and Gas Sector Stocks - Date: 7/3/2010 5:52 AM
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Technical View on CAIRN INDIA
Cairn india is looking weak on charts and has closed below its 50 DMA and may slip to 290 levels in short term so sell on rise will be good strategy in this stock till it closes below 300 levels.
Technical View on ABAN OFFSHORE
Aban offshore as we said earlier may hit 850 levels and it did, now still some upside is possible as it has also closed above the 50 DMA and 880 – 900 is next target in it, till it manages to stay above 800 levels.
Technical View on HPCL
HPCL is looking strong on charts and till it manages to stay above 450 levels it may continue to move up to 480-500 levels in near future.
Technical View on BPCL
BPCL is facing huge resistance at 680 levels and in short term may come back to 640-635 levels, but still it looks strong for buying at lower levels.
Technical View on ESSAR OIL

Essar oil is facing huge resistance at 142-145 levels and is looking weak on charts it may move down to 135-130 levels in near future, if stays below 145.
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