Maintain a stop loss below the downside of Rs 400 for Edelweiss: Vinith Jain

ET Now spoke to Vinith Jain, Director, Siddh Capital, on his views on the market.

ET Now: How do you view Edelweiss?

Vinith Jain: The stock has not been doing much here recently, just trending between 400 and 450 and very sideways trend in this stock.

So unless either of these levels are taken off, one cannot expect a very strong trend here. So just hold on to the stock. On the upside, it looks like about 450 and maintain a stop loss below the downside of 400.