Hind Motors looks good from traders' view: Manghnani

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Hind Motors looks good from traders' view: Manghnani

Anil Manghnani of Modern Shares & Stock Brokers is of the view that Hindustan Motors looks good from trader's point of view. It has resistance around Rs 85-87, he added.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anil Manghnani See what other Experts & Brokerages are saying about Hind Motors See messages about Hind Motors Hind Motors BSE | NSE 28/05/12 Are Mutual Funds betting on Hind Motors?

Anil Manghnani of Modern Shares & Stock Brokers is of the view that Hindustan Motors looks good from trader's point of view.   
 
Manghnani told CNBC-TV18, "Hindustan motors probably looks more exciting right now from a trader's point of view. The stock really fell off quite nicely from Rs 95 and gave you buy to about closer to Rs 65 levels, now its bouncing back. Maybe back to Rs 85-87 levels is where you see the first resistance. So you can still ride with that stock right now."

Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.