Short Shriram Transport on rally, says Rajesh Jain

Short Shriram Transport on rally, says Rajesh Jain, EVP Retail Research of Religare Sec.

Jain told CNBC-TV18, "Shriram Transport saw a sharp fall on Friday when the market witnessed a sharp rise. The stock gave a lowest weekly closing in many weeks. One can short the stock at any counter rally at its resistance of Rs 585-590 keeping a stop loss of Rs 601 for a lower target of Rs 560."