Bearish Stock for intraday trading: Sell SUNTV @ 290 for target 280 and 275 place protective stop loss at 295 At CMP of 290 it is trading positive by more than 6%, but we are expecting yesterdays sell off the stock has entered the strong down trend and is more likely to be bearish today, So it seems to attract more sellers on every up move in this stock. The volume was also very high with The selling was due the owners hand in the 2G scam. Technical indicators suggest the possible downside momentum and is in favor of trade, stock SUNTV. Investors must stay away from this stock, However traders can play buy shorting SUNTV stock.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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