INDIAN OIL CORP LTD
Long

IOC Buy

105
One very interesting stock trading idea in F&O for next week is Indian Oil. Its in NR7 for 3 continuous days implying a range compression. The Q4 results are not out yet but as obvious from HP/BP results, at the operational level these will be in line. The govt has increased the Diesel/Petrol prices for 15 consecutive days which will provide a lot of Financial relief to the OMCs

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