Bharat Petroleum Corporation: Short term Bullish

Bharat Petroleum Corporation is in the sideways range for some time and in the last trading session, it closed around 3.5% positive with good volume. It is trading near the resistance area and if it breaks this, it can hit around 335-340. Based on open chain analysis, its maximum open interest at the OTM PUT side is at strike 300, and on the OTM CALL side, it is at 330. Although we can see the unwinding of positions for the CALL strike 300. We