nano6yogesh

Sun TV – Time to book profits ?

Short
NSE:SUNTV   SUN TV NETWORK LTD
Profit booking seems to have commenced in Sun TV NSE:SUNTV after good Q4 results.

Also, I can see that it has retraced 61.8% of its previous fall from ~ 1100 levels before starting a downward journey.

Looks like a good shorting opportunity to me with stop loss a few points above 1000 and first target near the 903-915 zone.

Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.

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