Exit Coal India on rally: Parag Doctor

Parag Doctor, Head - Trading Strategies of Keynote Capital's told CNBC-TV18, "Technically Coal India has multi-month support around this Rs 280-290 zone."

"However, only caveat here is that there is a possibility of an offer-for-sale (OFS) coming in that is what the media report says and that could change the floating stock scenario and maybe the support would not hold. So, subject to that we should hold on with the trailing at around this Rs 280 level and upside rallies are terminating around the Rs 330-340 zone which is where the investor has entered the stock. So, I would say that if one is having a longer term horizon then hold on to it otherwise in the next rally it would be better to exit and wait for lower levels to re-enter," he added.