Go short on Hindustan Zinc: Rajesh Jain

Go short on Hindustan Zinc, says Rajesh Jain, EVP Reatail Research, Religare Sec.

Jain told CNBC-TV18, "Metals stock have been taking some counter rally for the last days but on Tuesday when the Nifty closed higher Hindustan Zinc closed on minus after touching strong resistance around Rs 129. One can go short on Hindustan Zinc near Rs 129 levels with a stop loss of Rs 132 for a target of Rs 122."