Below RS 426, Lupin may slip to Rs 408, says Anu Jain, Vice President, IIFL Private Wealth Management.
Jain told CNBC-TV18, "I have basically been looking at lot of shorts, so Petronet at this price give or take another move up to Rs 159 looks good, can go to Rs 148. Lupin also is looking bad, if it breaks the level of about Rs 426 is looking good to go down to even Rs 408."
She further added, "I would probably look at stocks which are now giving a breakout because I would want to short something which has moved up sharply like Larsen or Jet Airways but the whole thing is I am still waiting for a signal where as these two actually have already given a signal."
