Sell JP Associates: CK Narayan

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors, gives his views on stocks. Excerpts:

ET Now: What's the call on JP Associates?

CK Narayan: JP Associates is actually taking it on the chin right from the opening today and I do believe it will probably go down a little more.

Ideal to sell it on a rally of course but 83-84 would be a decent price to short it and looking for a target around 78 for the day.