See lower levels in Pantaloon Retail: Sukhani

One can see lower levels in Pantaloon Retail, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Pantaloon Retail in a downtrend of some kind and lower levels are coming. Wait for market rally to end, today, tomorrow, in a couple of days, ten days and then Pantaloon becomes a short sell."
At 10:34 hrs Pantaloon Retail was quoting at Rs 149, up Rs 3.10, or 2.12%. It has touched an intraday high of Rs 151.90 and an intraday low of Rs 148.80.
The share touched its 52-week high Rs 275.75 and 52-week low Rs 139.75 on 22 January, 2013 and 18 May, 2012, respectively. Currently, it is trading 45.97% below its 52-week high and 6.62% above its 52-week low. Market capitalisation stands at Rs 3,450.58 crore.