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Sell Amtek Auto, JSPL: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com recommends selling Amtek Auto and JSPL.

February 06, 2015 / 14:59 IST
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Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "One can sell Amtek Auto. It was taking support near to Rs 165 for last two months. However today it has broken that support and now we may see further weakness. It can come down to around Rs 150 which is its October low. So, Rs 150 is our target and stoploss should be Rs 166."

"Many metal stocks are looking weak on the charts. Jindal Steel & Power was moving sideways in the range of Rs 160-145 for last two months but today it has broken that range on the downside with higher volumes. So, we will see further weakness. It can come down to around Rs 130. So, one can go short with a stoploss of Rs 146," he said.

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first published: Feb 6, 2015 02:50 pm

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