May 07, 2013, 02.49 PM | Source: CNBC-TV18
Siddharth Bhamre of Angel Broking advised going short in Larsen & Toubro (L&T) for a target of Rs 1,465 and keep a stoploss at Rs 1,615.
Siddarth Bhamre (more)
Head- Equity Derivatives & Technical, | Capital Expertise: F&O
Bhamre told CNBC-TV18, “We are expecting negative price action in Larsen and Toubro . The stock has a good resistance between Rs 1,580-1,600. The counter is appearing long heavy. We have seen huge built up in beginning of this series - about 20 percent, seven to eight percent in two trading sessions that is barring yesterday’s trading session. Yesterday’s price action technically is also not very encouraging. So, we are further anticipating price action on the negative side here. Go short for the target of Rs 1,465 and stop loss at Rs 1,615.
At 14:12 hours IST, the stock was quoting at Rs 1,576.15, up 0.97 percent on Bombay Stock Exchange.
The initiation of anti-circumvention probe on stai
"Next one year, we will just focus on completing o
An investor should give a bigger allocation to lar
"Larsen & Toubro Infotech, a subsidiary of L&T, ha
The offer would comprise of an offer for sale of u
"L&T Hydrocarbon Engineering (LTHE), a wholly-owne
On CNBC-TV18's show Super Six, market gurus Vishal
Union Bank of India | ONGC | BHEL | Akzo Noble | F