Book profits on Bombay Dyeing at 425-430 levels: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, shares his views on Bombay Dyeing.

ET Now: What is your call on Bombay Dyeing?

Sandeep Wagle: Bombay Dyeing is consolidating. I see levels of around 425-430. Recommend booking of profits around that. Stay short or use every little bit of an up move to go short. I do not see Bombay Dyeing beyond 480. So I would go short around those levels for creating a new position and my target would be around 430.