Sell Jubilant Foodworks, says Nooresh Mirani

Sell Jubilant Foodworks, says Nooresh Mirani, Head, AMSEC-Analyse India.

Mirani told CNBC-TV18, "Sell Jubilant Foodworks. The stock gave a breakdown earlier at Rs 850 and had a medium term resistance at Rs 940-950 levels. The stock has moved back to Rs 920 from a low of Rs 650. I expect the stock to correct back Rs 840-820 in the short term. Traders can keep a stop loss of Rs 920.