Welspun Corp may test Rs 90, says Sukhani

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Welspun Corp may test Rs 90, says Sukhani

Welspun Corp may test Rs 90, says Sudarshan Sukhani, s2analytics.com.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Welspun Guj See messages about Welspun Guj

Welspun Corp may test Rs 90, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "Welspun Corp fell from Rs 250 down to Rs 90 or Rs 86-87 so yes it is but I am giving this caveats and warnings simply because the markets can turn on a dime. So please keep a stop loss but yes Welspun is suggesting some kind of a lows coming in place, take a modest target of Rs 90 for a day trader or a swing trader and go long in it."

He further added, " GTL is hardly a stock you want to trade in - that is the first warning. Why would any one want to trade GTL? But if someone wants to take a trade in it then the trade is on the long side. It is making a consolidation and it is not falling any further. If at all you want to trade here you should be looking to buy it. Look for a target of Rs 41 or so."