Petrol price hike on cards post election outcome? Here's how to trade OMCs

The OMC stocks needs to cross and sustain crucial supports to gain on follow-up momentum.

The last phase of West Bengal state assembly elections will conclude today, bringing an end to a month long poll saga. The results for the same will start pouring-in on May 2.

As the power struggle in Bengal picked pace early this month, Centre reportedly asked oil marketing companies to hold fuel prices steady as soaring petrol and diesel prices could hit winning prospects. 

Now, petrol and diesel prices may increase soon by early next month with oil companies looking to raise the retail price of