IVRCL Infra can retest Rs 65-66: Manghnani

IVRCL Infrastructure and Projects can retest Rs 65-66, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "I think there are shorts on every rally. My gut feeling is maybe not immediately, but two-three months down the road, they should go and retest those panic bottoms created last week or the week before, when the index hit 5,200-5,177. So, I think those levels will eventually be tested, if not broken." He further added, "In the short-term, when you have these oversold situations, you get the sharp bounces. But then post the bounce again either go sideways or start to drift. So, already you saw Lanco from Rs 42 has come down to Rs 38. I think a GMR also slowly and steadily will start to come down." "IVRCL didn