SENSEX NIFTY
Mar 20, 2013, 04.29 PM IST | Source: CNBC-TV18

Exit Globus Spirits advises Sanjeev Agarwal

According to Sanjeev Agarwal, CEO of Dynamix Research & Capital Management, it is not a good idea to hold Globus Spirits for a very long-term.

According to Sanjeev Agarwal, CEO of Dynamix Research & Capital Management, it is not a good idea to hold Globus Spirits for a very long-term.

Agarwal told CNBC-TV18, “Technically Globus Spirits chart is looking better than most other stocks but it has already touched Rs 120 today. I don’t think it is a good idea holding it for a very long-term. Rs 120 is one level where you can cut down losses. Or you may get your prices around Rs 135-140 where you should exit.”

“So if you wish to exit around Rs 120 you can do so or if you wish to wait then currently the chart is looking positive. But overall equities will feel the pressure in 2013. So may be later it will also join the others,” Agarwal added.

Set email alert for

ADS BY GOOGLE

video of the day

Industrial recovery still away; like construction: HSBC

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.