Sell HDIL, says Arunesh Madan

Sell HDIL, says Arunesh Madan, Founder and Director of Augment Investment.

Madan told CNBC-TV18, "I have a sell call on HDIL. The stock has given a breakdown from a triangular pattern. The momentum indicators like MACD and RSI are in a sell mode. The stock can be short around current levels for a potential target of Rs 147 with a stop loss being placed above Rs 165 levels.