MohammedJunaid

SUNTV a BEAR candidate

Short
NSE:SUNTV   SUN TV NETWORK LTD
Look to SELL SUNTV @ 906.80 with Stop-loss of 935 and Target1 of 866 and Target 2 of 830. As Suntv has broken cloud with good volumes and there is a possible bounce back in stock. Wait for the bounce to complete and only then take a position. Only take a call after consulting your financial advisor.
Trade active: SUNTV reached High of 922. Sold at 906.80
Comment: Reached High of 931.95 and SL is at 935. Wait for next week open. if opens above 935, then squareoff the position.

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