Avoid EID Parry for short-term trade: Devang Visaria

Devang Visaria, Chief Strategist, Devangvisaria.com talks to ET NOW about EID Parry.

EID Parry acquires stocks in GMR Ind. Are they on the charts - either of these two?

EID Parry could be a better bet but again only concern is that volumes are very very low - hardly have 10,000-15,000 shares getting traded on the BSE on this one, In fact last volumes were only 4000 shares. So, for a big ticket traders this is not a stock where you can get in get out quickly. On the charts at absolute price levels, I think possibly 380-385 should be a good target for EID Parry on the downside 345-350 is a good support area. But only people who have small tickets get into this one, otherwise for big ticket traders they should tend to avoid this one.