Avoid Lovable Lingerie, says Sudarshan Sukhani
November 15, 2011 by admin
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Avoid Lovable Lingerie , says Sudarshan Sukhani of technicaltrends.com.
Sukhani told CNBC-TV18, “You cannot sell Lovable Lingerie because it is not part of the FO but it has been a favourite because it has been a concept stock. I have never been a fan of concept stocks, I have seen them go like SKS Micro Finance from Rs 1300 to Rs 200 most of them. So I was keenly watching when this one starts cracking from Rs 625 its already at Rs 400 and I would not be surprised if Lovable halves from Rs 400 to Rs 200. So there is no short selling, since you cannot sell, please dont buy.”
He further added, ” Jubilant Foodworks has just started its downtrend. My eventual targets are Rs 450 for that stock. But it wont come in a day but the key point is please do not buy. For traders look to short sell Jubilant every time you see a rally.”
