Sell India Infoline, says Sukhani

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about India Infoline See messages about India Infoline India Infoline BSE | NSE 21/02/12 Are Mutual Funds betting on India Infoline?

Sell India Infoline , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "India Infoline is a selling opportunity. At early morning, wait for a couple of minutes or if you are aggressive sell with an appropriate stoploss, much lower levels are likely, so Rs 115 is a stoploss and Rs 105 is an intraday target."

He further added, "The position trader could actually go into the March series and sell this and wait patiently for it to fall below Rs 100."

At 09:39 hrs the share was quoting at Rs 110.10, down Rs 1.3, or 1.17% with volumes of 37,853 shares. Yesterday the share closed down 0.40% or Rs 0.45 at Rs 111.40. Currently it is 159.06% above the 52-week low of Rs 42.50.