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Sell Dish TV, target Rs 93: Chandan Taparia

According to Chandan Taparia of Motilal Oswal Securities, one can sell Dish TV for target of Rs 93.

April 10, 2017 / 10:56 IST

Chandan Taparia of Motilal Oswal Securities told CNBC-TV18, "We have one sell call on Dish TV. Recently, this stock has seen the built up of short position. It fell down by around 7.50 percent last week with open interest addition on the short side. It has broken the immediate weekly support of Rs 104 and because of that selling pressure may continue towards Rs 94-93 levels."

"So, traders can sell on a small bounce back move with a stop loss of Rs 104 levels," he said.

first published: Apr 10, 2017 10:43 am

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