Exit Suzlon Energy below Rs 17, says Nooresh Merani

Nooresh Merani of Asian Market Securities told CNBC-TV18, "In Suzlon Energy we had a bunch of support around Rs 17-18 levels, which is on the verge of breaking down today. So if Suzlon Energy breaks below Rs 17 and stays below that then that would be an exit on technical parameters. So I would suggest a closing stoploss of Rs 17 on the trade and exit if it stays below."At 15:25 hrs Suzlon Energy was quoting at Rs 16.95, down Rs 1.65, or 8.87 percent. It has touched a 52-week low of Rs 16.80.