Sell SAIL, says Nooresh Mirani

Sell SAIL, says Nooresh Mirani, AVP Technical of AMSEC Research.

Mirani told CNBC-TV18, "I would initiate a sell on SAIL at current levels with an intraday target price of Rs 121. The stock has been in a consistent downtrend as well in the near term it tried to find some bottom around Rs 130 levels which it has broken. So I would expect the stock to do Rs 121 and may be continued to trend lower only."