Stay away from Lanco Infratech , says Salil Sharma of Kapur Sharma & Co.
Sharma told CNBC-TV18, "Lanco Infra is particularly looking very weak. After seeing highs of nearly Rs 66 or even I think Rs 70 plus it's seen a drubbing, which has taken it at the lowest levels, life time lows and with every negative newsflow it tends to go much lower. So I think one should definitely stay away and avoid any kind of a bottom fishing at these levels also because it can even go down to Rs 14-15 levels and on the upside now it has very strong resistance around this Rs 24-25 levels."
He further added, "As far as Indiabulls is concerned even when the recovery was happening in the real estate space this was one laggard, so now on the downside once things have turned around even for the stronger shares like DLF, this could see further downsides."
