Hold Unitech, says Hemen Kapadia

Hold Unitech, says Hemen Kapadia, Chartpundit.Com.

Kapadia told CNBC-TV18, “Unitech is making lower tops and bottoms on the weekly chart, so basically it’s been on a downtrend in the last eleven weeks. Having said that we are oversold and we are close to strong support levels at around Rs 70-72. So I would say just a hold because even a sympathy bounce could take it to Rs 90-95 but as of now taking a shorter term call, I think that would be a hold."