According to Manas Jaiswal of manasjaiswal.com, one can short GMR Infrastructure as the stock can test Rs 20.
Manas Jaiswal of manasjaiswal.com told CNBC-TV18, " GMR Infrastructure is continuously taking support of near to Rs 25. Today it has broken that support. It is trading below 200 day moving average. The structure is weak and we may see continuous weakness. The stock can test Rs 20 in next one or two trading sessions. One can go short with a stoploss of Rs 25.50."
At 14:19 hrs GMR Infrastructure was quoting at Rs 24.05, down Rs 0.95, or 3.80 percent. It has touched an intraday high of Rs 25.15 and an intraday low of Rs 23.15.
Disclosure: Analyst has no personal holdings but has recommended the stock to his clients.
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