Do not go long in Suzlon Energy but even for shorts, would see if Rs 53.5 doesn’t sustain for the day and the cash side Rs 52.5 for the future side then probably fresh shorts would build-up for it, says Anu Jain, IIFL Private Wealth Management, India Infoline.

Jain told"On Suzlon Energy, Rs 52.5-53.5; Rs 52.5 on the Futures and Rs 53.5 is more or less the support where it is kind of standing out there right now. What is not positive is that the volumes are picking up on the lower side; the stock is obviously very weak. So there is a good likelihood that it will break that support, test Rs 47-48 maybe even on a bad day going to be Rs 45. But the under trend is definitely very weak. So do not go long but even for shorts, would see if Rs 53.5 doesn’t sustain for the day and the cash side Rs 52.5 for the future side then probably fresh shorts would build-up for it."