Short Titan Industries, says Kunal Bothra, LKP.
Bothra told CNBC-TV18, "Lanco- If you ask me for a one week kind of a scenario I would probably continue to trade short on Lanco as well because the overall trend is still weak. You saw a pullback yesterday but today the downtrend continues, so that is a stock I would still continue to go short."
He further added, "Titan Industries was taking resistance around Rs 230-235 and last couple of days we have seen a very strong pressure around that Rs 235 mark. I think this is one stock that might head to levels of Rs 210 also. I would initiate a trade of going short on Titan with a stoploss of Rs 235 for a target of Rs 210 and below." Disclosure: No personal holding in any of the stock but we keep recommending them to our clients.
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