Essar Ports may slip to Rs 57-58: Devangshu Datta

Essar Ports may slip to Rs 57-58, says Devangshu Datta, Consulting Editor of Outlook.

Datta told CNBC-TV18, "Essar Ports and Essar Oil are looking pretty bearish. Essar Ports I think could drop till about Rs 57-58. If you are getting into Essar Ports and taking a short position I would say keep a stop loss somewhere between Rs 62-63. If the price drops below Rs 60 than you can add to the position and move the stop loss down as well."
He further added, "Essar Oil is even worse, it hit a new 52 week low, difficult to set targets really but it