Videocon Industries may slip to Rs 165: Anu Jain

Anu Jain, Sr Vice President, IIFL Private Wealth Management feels that Videocon Industries may slip to Rs 165.

Jain told CNBC-TV18, "Videocon Industries has been taking support around those Rs 171 levels. But the way it’s poised and closed on Friday, no major breakdown, but still it’s looking very good to breakdown right up to about at least Rs 165 intraday and probably Rs 157 if the market goes down this will be sharply down. So this is a very close stop loss closer to Rs 172-173 and I think you are poised intraday to Rs 165 and probably if the downtrend continues to about Rs 157."

She further added, "I think ITC is still looking good. So from where it’s closed, it’s looking good for about Rs 252 odd. Obviously the move is going to be slow and steady. It’s never been one of those which has moved drastically. But any dip or these levels are good to even now add ITC for those Rs 252-253 levels."