Hold Sterlite Technologies, says Nooresh Merani

Nooresh Merani of Asian Market Securities told CNBC-TV18, "If you look at Sterlite Technologies chart, it has been consolidating for the last few months and facing a lot of resistance around Rs 100-105. So a fresh uptrend would be seen above Rs 100-105 wherein it could do much more.""In the near-term, at Rs 93 one can keep a stoploss at Rs 85 and continue to hold on to the position and wait for a breakout in coming months," he added.