Avoid Sterlite: Mileen Vasudeo, Angel Broking

Mileen Vasudeo, Technical Analyst, Angel Broking, in a chat with ET Now talks about Sterlite.

Talkig about Sterlite, what do the chart suggest? It's up close to 5% in trade, can it actually pile on further gains?

On the daily charts, the immediate resistance for this counter is somewhere around 185 which coincides with the 200 DMA line. But at present, I would avoid this counter because it is fully news driven and I will wait for a good confirmation above 185 levels and then only takes position in this counter.