Burger King, Avenue Supermarts: Time to be selective in QSR segment

Sastasundar Ventures can see a jump of over 20 per cent if crucial levels are held, charts suggest.

Companies in the retail, hotel, realty, and financials space have borne the maximum brunt of the latest fall in the equity market as curfews and strict restrictions on movements in various states have led to a slump in business activities. 

Many stocks belonging to these sectors have slipped into bear market territory. Quick service restaurants (QSRs) have been in the line of fire given the developments.  Given the renewed lockdowns, should you stay away from QSRs and retail plays? Here's what charts suggest.

Jubliant Foodworks Ltd (JUBLFOODS)
Likely target: Rs 3,100
Upside potential: 6.16%

After dipping below the