Abhijit Paul of Alphative Advisors told CNBC-TV18, "Grasim Industries has confirmed itself to move into a downtrend for sure. The stock does not move that fast like the rest of the stocks in its space but the trend is really weak and confirmed."
"I would like to initiate a short trade in Grasim using a stoploss close to Rs 2705-2710 mark, and on the downside it is very likely to inch further down and the target to look for is Rs 2420," he said.
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