May 16, 2013 05:15 PM IST | Source: CNBC-TV18

Hold Polaris with stoploss of Rs 90-95: Parag Doctor

One can hold Polaris Financial Technology with stoploss of Rs 90-95, says Parag Doctor, Head - Trading Strategies at Keynote Capital's Ltd.

Parag Doctor, Head - Trading Strategies, Keynote Capital's Ltd told CNBC-TV18, "Polaris Financial Technology has been developing some support around the Rs 95-100 levels. It is not a confirmed kind of support because it has not crossed the immediate resistance which is Rs 106-107 or so."

He further added, "If one wants to hold on to the stock, the stop for that would be Rs 90-95 kind of levels. Otherwise, what we advice is to switch to a largecap name like Tata Consultancy Services (TCS) or HCL Technologies. The visibility for the largecap names in this part of the bull market which we are in is much higher. Next year or so we don’t expect the smaller names to do anything worthwhile."

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