Sell Bata India, target Rs 510: Gaurav Bissa

Gaurav Bissa, Derivatives Analyst, LKP Securities is negative on Bata India. The expert has advised traders to sell the stock with a target of Rs 510 and maintain a stop loss at Rs 548 in intra-day trade. The stock has hit a high of Rs 545.35 and low of Rs 532.30 in trade so far. The scrip has been falling for past few sessions but has found some support at 50-day moving average of Rs 543.