HDIL has strong support around Rs 60-62: Bhamre

Bhmare told CNBC-TV18, “HDIL, we are not seeing formation of long positions but again this stock is from the space where we are seeing huge amount of short positions, which are standing. Rs 60-62 are very strong support. If you look at last 4-5 trading sessions, stock has managed to hold on to that support zone. 4-5 months before i.e. in December-January we have initiated at same levels buy call in HDIL. So I think there is a lot of short covering, which can happen. Not a very big targets in mind but Rs 72 is a target, you can fix a stop of Rs 60 and go long and trade with positive bias.”