SENSEX NIFTY
Sep 20, 2011, 07.11 PM IST | Source: CNBC-TV18

Escorts may test Rs 85: Way2Wealth

Escorts may test Rs 85, says Aditya Agarwal, Sr. Derivative Analyst, Way2Wealth.

Aditya Agarwal

Sr Derivative Analyst, Way2Wealth

Expertise : F&O

More about the Expert...

Escorts may test Rs 85, says Aditya Agarwal, Sr. Derivative Analyst, Way2Wealth.

Agarwal told CNBC-TV18, “Escorts is one stock in which we have seen a very good short covering rally in today’s session. So we are expecting that rally will continue in Escorts and at higher levels stock can test Rs 85-86 levels.”

He further added, “In Educomp, we have seen 11% rise in open interest and with positive price movement. So we have seen lot of long build up in today’s session with this stock has also given a very good breakout. So we are expecting that Educomp can test Rs 260-265 levels in near-term. So with a stop loss of Rs 234 fresh long positions can also be initiated in Educomp.”

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