L&T may test Rs 1100- 1110, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "For L&T I am looking at Rs 1100-1110 and the reason is that if the market is moving up then this time in this leg L&T is likely to be a participant in the up move unlike the previous bear move when it was leading the fall. This time there is some turnaround and for whatever it is worth there is some upside in L&T so even if the markets are choppy some stocks will go up and some will come down. L&T is likely to be a winner today."
He further added, " PFC is a falling knife trade. Just a few days ago it was trading at Rs 182, now it's come down to Rs 140 but for the last five-six days it's in a trading range. There is some sense that it's coming out of a trading range. Its important you have a very tight stop at Rs 137 if that triggers you close the trade because you don't know, we are trying to buy the lows but if it doesn't then Rs 150-155 seems a logical target for the current upmove."
