Thursday 6 November 2008

Downside left in technology pack: Mohindar

Rahul Mohindar of Viratechindia is of the view that there is significant downside in technology pack.

Mohindar told CNBC-TV18, "I think honestly, while metal look weak, I don’t see a fresh short opportunity building up. From here I don’t see a Hindalco or a Tata Steel losing something like 15-20%, no out and out crash that I see in this sector or for that matter in deeply beaten down sector like real estate, which goes with it. If I really had to pick shorts into the market, I would still continue to focus on the technology pack, which has shown extreme weakness even stocks like Infosys and all continue to look like they have significant downsides still left in them."

Source: Moneycontrol

Posted by Harsh at 07:59

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