Siddharth Bhamre of Angel Broking told CNBC-TV18, "We are not very comfortable with two wheeler space and specially Hero Motocorp. The stock has been taking some resistance around Rs 1,950-2,000 zone and it has been correcting. And last week when market has bounced quite significantly in two trading session this stock has been underperformer.”
“We are seeing some shorting taking place over here. I think around this level of Rs 1,920-1,913 spot one can go short in Futures and we are expecting 100-120 points fall. We have a target of Rs 1,805 in mind. You can fix a stop loss of Rs 1,966 and go short," he added.
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