Jan 17, 2013 01:40 PM IST | Source: CNBC-TV18

Exit Pantaloon Retail: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that short term trader should exit Pantaloon Retail, the stock may slip to Rs 230.

Sudarshan Sukhani, s2analytics.com is of the view that short term trader should exit Pantaloon Retail, the stock may slip to Rs 230.

Sukhani told CNBC-TV18, "Somebody bought Pantaloon Retail and then it started cracking, the ideal situation would be to take the loss and get out. Now, it is already coming down breaking a support level. So the downside target is Rs 230. For a long-term trader, I would say do not worry, Pantaloon’s charts are very attractive now. But for a short-term trader, there is no guarantee that January 31 will see rallies or it will see Rs 230. My advise is the chances are that a pullback to Rs 255-260 is possible. If that happens, you exit.”

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