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Oct 12, 2012, 11.33 AM IST
According to IIFL, traders can sell Larsen & Toubro (L&T) October future above Rs 1,682 for the target of Rs 1,612 with a stop-loss of Rs 1,717.
According to IIFL, traders can sell Larsen & Toubro (L&T) October future above Rs 1,682 for the target of Rs 1,612 with a stop-loss of Rs 1,717.
“Larsen & Toubro (L&T) on the daily chart has been forming ‘ending diagonal’ with confirmation signal from negative RSI indicator from overbought levels. However for complete pattern to unfold prices could test the rising resistance line placed at Rs 1685.The downside potential for the counter is seen at Rs 1,580 which turnout to be 20-DMA. (Duration 7 days)," says IIFL research report. FIIs holding more than 30% in Indian cos Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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