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    HomeNewsBusinessStocksShort JP Associates, says Vishal Kshatriya

    Short JP Associates, says Vishal Kshatriya

    Short Jaiprakash Associates, says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.

    September 12, 2011 / 09:02 IST
       
       
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      Short Jaiprakash Associates, says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.


      Kshatriya told CNBC-TV18, "I have a short call on Jaiprakash Associates. The stock has generated rising trendline breakdown on its hourly chart that too along with good volumes. Besides this short term oscillators too have generated a bearish crossover. I am expecting stock to trade with a negative bias in the days to come. Go short in a range of Rs 66.5-67.5 with target price of Rs 62 and maintain stoploss above Rs 70."

      first published: Sep 12, 2011 09:01 am

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