Sell L&T around Rs 1,400-1,450, says Sanjeev Agarwal

Sanjeev Agarwal, CEO of Dynamix Research & Capital Management advised selling Larsen and Toubro (L&T) around Rs 1,400-1,450 levels. He expects the stock to bounce back following rally in key benchmarks.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Stocks Views

Mar 26, 2013, 04.37 PM | Source: CNBC-TV18

Sell L&T around Rs 1,400-1,450, says Sanjeev Agarwal

Sanjeev Agarwal, CEO of Dynamix Research & Capital Management advised selling Larsen and Toubro (L&T) around Rs 1,400-1,450 levels. He expects the stock to bounce back following rally in key benchmarks.

Like this story, share it with millions of investors on M3

Sell L&T around Rs 1,400-1,450, says Sanjeev Agarwal

Sanjeev Agarwal, CEO of Dynamix Research & Capital Management advised selling Larsen and Toubro (L&T) around Rs 1,400-1,450 levels. He expects the stock to bounce back following rally in key benchmarks.

Post Your Comments

Share Cancel

Sanjeev Agarwal (more)

CEO, | Capital Expertise: Equity - Technical

Sanjeev Agarwal, CEO of Dynamix Research & Capital Management advised selling Larsen and Toubro (L&T) around Rs 1,400-1,450 levels. He expects the stock to bounce back following rally in key benchmarks.

Agarwal told CNBC-TV18, “What I feel like the current leg of decline, what we are seeing from 5970 should finish in the next two-three days. So considering that the next leg will retrace a part of that, I expect L&T also to bounce back.”

“It has shown at least a chance of stabilising and pulling it back. So I feel at Rs 1,400-1,450, he should get out because as I see, the long term or a year trend, the trend seems to be down. We expect much lower levels by the end of 2013. So using the next bounce around Rs 1,400-1,450 is the best case scenario for him,” Agarwal added.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Sell L&T around Rs 1,400-1,450, says Sanjeev Agarwal

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login