Sep 20, 2011, 07.11 PM | Source: CNBC-TV18
Escorts may test Rs 85, says Aditya Agarwal, Sr. Derivative Analyst, Way2Wealth.
Aditya Agarwal (more)
Sr Derivative Analyst, Way2Wealth | Capital Expertise: F&O
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.”