Sell ICICI Bank: The stock is trading below its crucial level of Rs 210, it has support around Rs 150-155. In the near term, ICICI Bank can go down to Rs 150-155.
Sell BHEL: This stock is headed for Rs 75-78. Sell BHEL on rallies towards Rs 100.
Buy Indian Oil, Bharat Petroleum, Hindustan Petroleum: These stocks will get support from Q3 earnings, but they are sensitive to crude prices. They will remain highly volatile tracking crude prices.
BPCL has strong support at Rs 700-710.
HPCL is trading below its important support levels. Investors should buy the stock close to its next support level of Rs 540-530.
IOC is close to its support at Rs 360-370.
Investors with a medium to long term view should buy these stocks as they may bounce back sharply.