GMR Infra has support at Rs 135-139: Bose

Technical Analyst, Rajat K Bose is of the view that  GMR Infrastructure has support at Rs 135-139.  

Bose told CNBC-TV18, "If one takes a look at GMR Infrastructure from a perspective of say last 3 months then it is more into a consolidation kind of a situation. One cannot expect too much of an upside from here, may be on the upside in the recent past, it went upto something like Rs 170. On the downside, it is unlikely to fall below that Rs 139 to about Rs 135 support area. So here if one is actually looking for trading opportunities, there are not much trading opportunities available. Otherwise if one is holding on to this stock, I would still suggest that one can continue to hold on to this stock with a stop below Rs 128 and on the upside if it crosses Rs 170 then expect further upswing to about Rs 190-200 odd levels."

Disclosure: Analyst does not have a personal holding in any of the stocks discussed.