Short Voltas, advises Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "I am recommending going short in Voltas. I see the chart structure showing a short-term top in the stock. So short it with a stoploss of Rs 95 and a target of Rs 85 on the November Futures contract."

At 14:54 hrs Voltas was quoting at Rs 91.85, down Rs 0.90, or 0.97 percent. It has touched an intraday high of Rs 93.80 and an intraday low of Rs 91.20. The share touched its 52-week high Rs 116.75 and 52-week low Rs 62.70 on 07 December, 2012 and 04 September, 2013, respectively. Currently, it is trading 21.33 percent below its 52-week high and 46.49 percent above its 52-week low. Market capitalisation stands at Rs 3,039.18 crore. Disclosure: He may have positions in the stock discussed and may have recommended them to his clients.