stock near its weekly support , given a good slide , no more downside seems to be there , part of nifty , can act as a support stock to lift nifty up , and take it to level of 10700
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)
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