Indiabulls Real Estate can test Rs 62-63: Thukral

Published on Fri, Jan 20, 2012 at 09:05 |  Source : CNBC-TV18

Updated at Fri, Jan 20, 2012 at 11:04  

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Hemant Thukral, Aditya Birla Money

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Indiabulls Real Estate can test Rs 62-63, says Hemant Thukral, Aditya Birla Money.

Thukral told CNBC-TV18, "This sector has started seeing some buying interest maybe more of a speculative or trading in nature. But yesterday the way the open interest has added up in HDIL and Indiabulls Real, they are heading towards more higher levels."

He further added, "In Indiabulls I am looking for a level around Rs 62-63. That's why I am recommending a very simple strategy that is you buy 60 call of the current month itself for Rs 1.20-1.30 and if it reaches Rs 63 I think you have a target of Rs 3-4 on that call. I think one should look for trading opportunities in Indiabulls Real Estate with a target of Rs 63 on it."

  

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