Hold VIP Industries, says Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "If one sees the chart structure of VIP Industries, the last three days have not been too good, the stock has corrected from Rs 62 right up to Rs 56. Going forward one should maintain a stoploss at Rs 55. If the stock falls below Rs 55 then the overall chart structure specifically in today's trading session and the weekly chart structure would get damaged."

"One should hold on to the stock with Rs 55 as a stoploss. If the market recovers and if the market does not fall below 6070 then we might see that some bit of recovery takes place. Exiting is a better option, one will get many other better stocks to trade and invest," he said.