Short Just Dial, target Rs 760: Shubham Agarwal

Shubham Agarwal of Motilal Oswal Securities told CNBC-TV18, "Just Dial has been one of our favourites on the short side. We have seen a movement happening which looks to be very much like a pullback. With the fact that it has been witnessing lower top, lower bottom formation and the pullback seems to be matured enough. We expect that this medium-term downtrend that we expect in Just Dial should be back in action." "With that view, Rs 760 which was approximately the last swing low that we have seen for Just Dial remains as a target. We expect that the stock should fall back to that level and a stop loss for this short trade can be kept as Rs 984," he said.