Unitech may see pull back to Rs 31-32: Manghnani

Anil Manghnani, Modern Shares & Stock Brokers feels Unitech may see pull back to Rs 31-32.
 
Manghnani told CNBC-TV18, “After a massive collapse HDIL pulled back from Rs 68-69 back to Rs 80 plus and then you saw the stock revisit Rs 60 level. Maybe something like that will happen in Unitech because so much is being done yesterday, it might pull back, maybe back to Rs 31-32 like I said and then again start its journey to retest yesterday’s lows somewhere between Rs 26-27. These stories don’t go away that soon. So it may linger on for some time. I think that will be a best bet if it bounces and if you want to short.”