Sudarshan Sukhani of s2analytics.com advises traders to sell Raymond at current levels.
Sukhani told CNBC-TV18, "Midcaps are still falling by the wayside so perhaps short idea is for the day. The final call could be to sell Raymond, its one of the weaker midcap stocks. It had its hay-days. Now it is in a steady bear market. Sell Raymond. Look for a gain in the morning.
Parag Doctor, Head - Trading Strategies, Keynote Capital is of the view that one can sell DLF with stoploss of Rs 250.
Doctor told CNBC-TV18, "In the medium-term DLF has some kind of distribution pattern in place. It has very strong resistance around the Rs 280-290 level which is developed over the last two or three months and this last breakdown have happened below its medium-term averages of 50 day and the 100 day average. So, as of now we have a technical sell on the stock. The stop loss is around Rs 250-255 and it is heading for around the Rs 200 mark which is support in line with six month kind of lows for that stock."
Buying opportunity is seen in Reliance Communication, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, " Reliance Communication is a buying opportunity. We are now going against the flow of the market but that is okay. Sometimes stocks will do well even if the market is doing poorly. So RComm and Colgate Palmolive (India) which also represents another opportunity to go long. So yes there are some islands of bullishness but traders have to understand that they are only islands."
Accumulate Coal India, says Sandeep Singal of Emkay Global Financial Services.
Singal told CNBC-TV18, "Coal prices have fallen. The import of coal will reduce. Coal India is fairly priced. We have accumulated rating on this. There is not a serious upside in this stock because they cannot increase volume off take seriously."
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