Sudarshan Sukhani of s2analytics.com share his view on Larsen and Toubro (L&T).
Sukhani told CNBC-TV18, "I would expect Bank Nifty to get in a trading zone or a consolidation earlier than the Nifty. For the Bank Nifty the levels would be just under 10000, that is what the target should be. ICICI Bank , Axis Bank and State Bank were favorites earlier and I have repeated them on for buying and these are the three banks that traders I feel should focus on every dip and then should be used to go long."
He further added, "For a trader L&T is a buy. It was for sometime now and that remains. But I do not know whether you can actually go and buy it after this rally today. So the idea should be wait patiently, markets will correct if not today then tomorrow, day after and during that correction L&T becomes a buying opportunity again."
He further added, "Just like the Nifty crossed 5100, L&T has crossed Rs 1300 that was an important threshold. So it's clearly in a very strong bull market now."
