Sell UPL, says Manas Jaiswal

Nov 20, 2013, 02.19 PM IST

Manas Jaiswal of manasjaiswal.com recommends selling UPL as the stock may head lower and test Rs 157 in next one or two trading sessions.

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Sell UPL, says Manas Jaiswal

Manas Jaiswal of manasjaiswal.com recommends selling UPL as the stock may head lower and test Rs 157 in next one or two trading sessions.

Like this story, share it with millions of investors on M3

Sell UPL, says Manas Jaiswal

Manas Jaiswal of manasjaiswal.com recommends selling UPL as the stock may head lower and test Rs 157 in next one or two trading sessions.

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Manas Jaiswal of manasjaiswal.com told CNBC-TV18, " UPL was making higher tops and higher bottoms from the levels of Rs 130, but for last 6-7 trading sessions the stock is facing a lot of resistance near to Rs 170-172. Today it has broken its support of Rs 164 with decent volumes. So I think the correction is due."

"One may see a further weakness in the stock. It can test Rs 157 in next one or two trading sessions. One can go short with a stoploss of Rs 166," he said.

Disclosure: He has no personal holdings in the stock discussed, but may have advised to clients.

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