Amit Gupta of ICICIdirect told CNBC-TV18, "In Power Finance Corporation (PFC), something different is happening this time since the news on the distribution companies (discoms) has started coming into the market and initially we saw good surge, later on they went sideways and now again it seems they have again started to move up. So from Rs 240, it is possible that PFC can move up to Rs 265-270. When it came down from Rs 240 to Rs 200, the major short addition came and now it has almost reached towards Rs 240. So 100 percent of build up came in the short side and only 18 percent has been there in the short closure so far. So I think there is enough headroom for the shorts to get closed in this stock.""Colgate Palmolive is one of the stocks which is totally different where people were long. Very high leveraged positions are there in Colgate which were kept on rollover but the exits were not there for the long guys and that is why the liquidation is coming now. We saw Rs 955, it was trying to form a base, for the last four-five months it seems it is giving up below Rs 955. Yesterday it closed around Rs 920-916. My sense is that it is going down towards Rs 850 levels in the coming days. So anything above towards Rs 920-935 can be sold in the stock," he said.
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