Keep a stoploss of Rs 180 in JP Associates : Mathew

Technical Analyst, E Mathew is of the view that in case JP Associates stop loss should be kept at Rs 180.

Mathew told CNBC-TV18, "JP Associates if one compares it chartically of course with RPL, it is not showing that kind of strength but having said that I must say that the stock has been extremely oversold and I think if one is looking for something like a trading bet, possibly at lower levels may be if it comes down to round about the Rs 185 zone, keeping a stop loss of around about Rs 180 odd one could take a short-term put into this".

Disclosure: It is safe to assume that analyst & his clients may have an interest in the stocks/sectors discussed.

Source : MoneyControl