Sell NCC, IVRCL and Punj Lloyd: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, in a chat with ET Now, gives his view on a range of stocks.

What is the call on NCC, IVRCL, Punj Lloyd, can you initiate a trade on any of these?

You can initiate a trade but that would be on the short side. All of these stocks are a sell on a rally or a sell on a little bit of an up move kind of a mode and our going long into the stocks howsoever attractive, they may be for bottom fishing. There is still some more downside and if the Nifty does not hold and it does not clear 5200 on the upside which is what we believe in that does not look so likely, I do not think these stocks will be in a hurry to go up, so avoid bottom fishing. They may not fall too much but the trend is very clearly down and some of the stocks may not give you an opportunity, they may just move sideways.