• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Stocks Views

Jan 08, 2013, 03.34 PM | Source: CNBC-TV18

Short Larsen & Toubro: Vayalar

Manoj Murlidharan Vayalar of IIFL PReMIA is of the view that one can short sell Larsen & Toubro, the stock can slip to Rs 1510-1520.

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

Short Larsen & Toubro: Vayalar

Manoj Murlidharan Vayalar of IIFL PReMIA is of the view that one can short sell Larsen & Toubro, the stock can slip to Rs 1510-1520.

Post Your Comments

Share Cancel

Manoj Murlidharan (more)

Head- Derivatives, Religare Securities | Capital Expertise: F&O

Manoj Murlidharan Vayalar of IIFL PReMIA is of the view that one can short sell Larsen & Toubro , the stock can slip to Rs 1510-1520.

Vayalar told CNBC-TV18, “Yesterday there was huge selling in Larsen & Toubro (L&T), needless to say if you look into the cash base delivery selling, I guess more than 68 percent to your five day average. It simply says there is selling which has happened and needless to say derivatives are seen huge shorts. I feel another 40-45 more points on the downtick, somewhere close to Rs 1,510-1,520 which happens to be the weighted average price of the previous accumulation is where we might see a support. So it is a sell on L&T.
 
He further added, “ Infosys is very much aware that if you see on an average, it gives you 8-9 percent move because of the results though I am not expecting the results might be bad this time, the reason is we have not seen that cash base selling which is happening. So I feel more or less Infosys would be an avoid but L&T definitely one can short it for at least 40-50 points.”

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Short Larsen & Toubro: Vayalar

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