Sintex Ind, Zee Ent will move up further: Malkan

Malkan told CNBC-TV18, “ Sintex Industries has given a smart move in last couple of months from the bottom of Rs 50 to the top of Rs 70, but it is facing some resistance around levels of Rs 70 and I expect a short-term correction up to around Rs 62-61. So if one is already holding the stock can hold on with a stoploss of Rs 58 and looking forward it has made a nice base on the weekly and monthly chart so it can reach a level of around Rs 80-85 in three to four months.”

He further added, “I would recommend to buy Zee Entertainment Enterprises which is trading around Rs 140 levels and I think that’s a good buy with a stop loss of Rs 135 for targets of Rs 165-170 in next couple of weeks.”