Buy Pantaloon Retail: Sukhani

Buy Pantaloon Retail for short term, says Sudarshan Sukhani of technicaltrends.com.

Sukhani told CNBC-TV18, "Earlier also I had suggested Pantaloon needs to be bought into. So essentially at current levels also because volatility can be high but at current levels as far as charts go Pantaloon is a short term buy. But you have to keep a stoploss at Rs 182 or thereabouts and then look for a rally from current levels."
He further added, "Lovable Lingerie is a short sell but the problem here is that it's not on the F&O segment, so you can't in fact carry forward the shorts. So what you have to do is either take intraday short positions and that is justified or this is for investors or position traders who may have bought this stock please get out. There is much more down side here."