Ashwani Gujral, Technical Analyst is of the view that below Rs 175, Punj Lloyd may slip to Rs 135-140.
Gujral told CNBC-TV18, "Punj Lloyd seems to be headed for levels of Rs 135-140 in case Rs 175 is decisively taken out. GMR Infra has also broken down from levels of Rs 60 where it found support for a long time and now next level here could be around Rs 45."
He further added, "For Lanco Infratech next level is Rs 39 and then Rs 32. It needs to move above Rs 47-48 to again regain strength but it remains a weak sector not to be bought unless it has another kind of down leg because it has just broken down from these support levels today. There is some more is still to go in infrastructure sector."
