Wait for MTNL to rally a little bit: Vijay Bhambwani

"MTNL I would short at 30.75. It is a little lower at this point in time. I would wait for it to rally a little bit."

Vijay Bhambwani, Author, CEO, BSPLindia.com (Technical Check), talks to ET Now on MTNL stock.

What’s your call on MTNL?

MTNL I would short at 30.75. It is a little lower at this point in time. I would wait for it to rally a little bit. 30.75 I would initiate a short. I would hold this with a stop at 31.25. I would expect to book profits between 30 to 30.25 or closing whichever is earlier.
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