1. I am bullish on the prospects of Aban Offshore which is a good investment for the long term. It has supports at Rs 3701 and 3,401 and on the upside stock may face resistance at Rs 4,301-4,401, . The said levels can be used by the short term investors to book profits.
2. Remember one will make more profit with companies dealing in providing support to oil producing companies as govt decisions are taking its toll on PSU producing oil.
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