GVK Power can go further down: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, shares his stock ideas.

What is the call on GVK and GMR Infra?

Both are threatening to break their prior lows. In fact, GVK is possibly threatening to make an all-time new low and both with volumes. I do not think the companies are going to get benefited. Possibly the individual flyers will be. So, there is no point in bottom fishing in any of those stocks. Let the bottom be found. I do not see any pattern which will be bullish at this level. It can go down further.