Ashish Chaturmohta of Fortune Group told CNBC-TV18, "Mahindra & Mahindra Financial Services is clearly showing weakness. We are observing a lot of short build up. In last two-three trading sessions we have seen some recovery from lower levels but the kind of position buildup this is indicating, the stock will face lot of resistance around Rs 250-252 zone. So this is one stock where I would like to recommend a short call with a stop loss of about Rs 252 and on the downside I expect it to break Rs 230-232 kind of levels in the next two-three trading sessions."
At 14:07 hrs Mahindra & Mahindra Financial Services was quoting at Rs 250, up Rs 6.65, or 2.73 percent. It has touched an intraday high of Rs 251 and an intraday low of Rs 242.15.
Disclosure: Analyst does not have personal holdings
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