Sell Sterlite Industries above Rs 821: Nirmal Bang
Nirmal Bang Securities has recommended investors to sell shares of Sterlite Industries at every rise around Rs 821.
By ET Bureau |
MUMBAI: Nirmal Bang Securities has recommended investors to sell shares of Sterlite Industries at every rise around Rs 821.
“This stock is facing a lot of resistance at higher levels around 820. There has been constant decrease in volumes. Support is seen at 787-785. Positive development could be seen only if the stock holds above 835,” said the brokerage firm.
Shares of the company were trading at Rs 810, higher by 0.66 per cent or Rs 5.30 on the NSE.
“This stock is facing a lot of resistance at higher levels around 820. There has been constant decrease in volumes. Support is seen at 787-785. Positive development could be seen only if the stock holds above 835,” said the brokerage firm.
Shares of the company were trading at Rs 810, higher by 0.66 per cent or Rs 5.30 on the NSE.
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