Sintex Industries may slip to Rs 94, says Siddharth Bhamre of Angel Broking.
Bhamre told CNBC-TV18, "We had seen accumulation of lot of short as well as long positions which was happening in Sintex Industries. We had generated trade around Rs 83-84 levels and since then we have seen a spike and we continue to hold on to these long positions."
He further added, "The stock might correct back to probably Rs 94 levels but that certainly won't be trigger to suggest that long unwinding would take place or it would go down, also some rumours that some big fund is buying and probably stock has further upside but we don't pay much heat to that point but we are seeing longs are still standing in further addition of long positions and its more of a stronger players."
