PTC India can slip to Rs 39-38, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Technically PTC India is looking rather poor. At least for the short term trader the targets are sub Rs 40 which means it could come to Rs 39-38 or even around that level. There is a good 15% decline from current levels. That is a short selling idea or a short selling trade, also to be avoided for buying at any cost."
He further added, "In ICICI Bank traders should certainly take profits on half of his/her position and let the other half ride because the trend in ICICI Bank is still up. The Nifty itself suggest higher levels are possible and ICICI Bank can lead that rally, can be a major leader in that rally. At least maintain half of your position, look for bigger gains and for other half take trading profits."
