OIL india had a good up-journey and is now ready for possible major consolidation.
OIL india generated a nice bearish engulf followed by a sense of confusion in the stock
Short OIL India
CMP - 350
Short below 345 (risk takers can short right away)
Target - 339 / 323 / 295
SL - 360 (people who are looking for smaller SL can keep it at 355)