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Hold IRB Infra with stoploss of around Rs 95: Keynote

According to Parag Doctor, Head - Trading Strategies at Keynote Capital, it is best to hold IRB Infrastructure with a stoploss of around Rs 95.

February 15, 2013 / 17:22 IST
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According to Parag Doctor, Head - Trading Strategies at Keynote Capital, it is best to hold IRB Infrastructure with a stoploss of around Rs 95. 


Parag told CNBC-TV18, "IRB Infrastructure is not sustaining at higher levels of around Rs 125-130. However, it is holding on to key support around an Rs 100 level which was made few months back."
"So, the best way to handle this is that you should keep a stop loss around Rs 95. One can buy a Put around the 100 level or 95 level to protect the long position. And if the recovery sustains above this Rs 125-130 levels then the upside would be atleast Rs 150-160. So it is best to hold on and buy some Puts," Parag Doctor added.
first published: Feb 15, 2013 05:22 pm

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