Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "In Coal India, the Rs 290-295 support broke decisively and after chopping around, it created a trading range for one-and-a-half month and three days ago it broke that range on the downside giving a target that could be sub Rs 250. Therefore, Coal India is in a bear market of its own, in fact the Nifty could be in that soon enough but Coal India has already anticipated what could happen."
"It is a stock we want to go short in. This is not going to go up in a hurry but on the charts much lower levels are coming in it," he said. Also Read: Government mulls plan to start coal banking systemDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
