Sell Bata India at lower levels: Mitesh Thacker

Mitesh Thacker, www.miteshthacker.com, in an interview with ET Now talks about Bata India.

What is your call on Bata India?

I have got a sell on Bata India. It could probably start a correction, so I would wait for this stock to probably trade below 627 in the cash market. It is just closing to those levels just at 628 right now. Once it starts trading below that, it could be an extremely short term call with probably tomorrow as the timeframe, you could probably short it with a stop loss of 636 and a price target of 610 to begin with and probably if it breaks 610, wait out for lower levels to about 590-595.