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Dec 14, 2011, 06.36 PM IST
Sudarshan Sukhani, S2analytics.com advice investors to sell REC and Pantaloon Retail.
Sudarshan Sukhani, S2analytics.com advice investors to sell REC and Pantaloon Retail .
Sukhani told CNBC-TV18, “ HT Media , one of the few midcaps that is suggesting perhaps some buying can come in. But there is a long list of shorting candidates, one of them which is now coming in my list and with some regret is REC. REC was suggesting that it has come out of a that bear market but the patterns now suggest it’s not just Rs 175, we are looking at target of somewhere around Rs 130. So REC is a short sell.” He further added, “With today's decline in the morning Pantaloon was in my short sell list, it continues to be so. I think Pantaloon’s target on the downside will eventually be somewhere around Rs 100.”
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