Buy BPCL for the target prices of Rs 399/403/Higher with a stop loss of Rs 388.5: ICICIDirect
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Last Updated: Thu, Feb 21, 2013 09:46 hrs
We said, "upper Grey channel and last week's high could prove challenging upsides ...." Index opened slightly higher than last week's high, but sold off thereafter to finish flat. The 3% gain in heavyweight Reliance saved a larger damage. Most sectors also ended flat, and A/D ratio cooled down to even stevens from 3:1.
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