900 appears to be a near term resistance in Venky's: Sameer Shetye, AK Stockmart

Sameer Shetye, Derivatives & Technical Analyst, AK Stockmart in a chat with ET Now talks about poultry stocks.

Have you been keeping an eye on any of the poultry related stocks? Venky’s India is up 376% on a yearly basis today as well. Are there any counters that you like?

Venky’s has done pretty well for itself rising from roundabout 450 levels to highs of 1000 levels. Of recently, the stock has cracked from roundabout 1000. It has taken decent support at 821 levels. 900 appears to be a near term resistance. Should Venky’s break 900 on a daily charts on good volumes, I would like to enter the counter for a target of close to 1010.

As far as SKM Egg Products as concerned the stocks seems sporadic volume. It is not a regular but yes has decent resistance at roundabout 1750 levels. So if one is long on the stock I would like to book my profits at close to 1750-1800 odd levels. So that is the way I look at both these counters.