Hold SREI Infrastructure, says Parag Doctor

According to Parag Doctor, Head - Trading Strategies at Keynote Capital, one should hold on to SREI Infrastructure because the stock has some kind of base formation between Rs 28 and Rs 30 levels.

Parag told CNBC-TV18, "One should hold on SREI Infrastructure because the stock has some kind of base formation between Rs 28 and Rs 30 levels. The 200-day average is at Rs 28, so stock has a good probability of holding on to Rs 30 levels or so and again resuming an uptrend from there."

"So, the higher levels around Rs 45-50 would be possible in the medium-term for the stock. Stop loss for this would be at Rs 28. If the 200-day average were to break on a closing basis then it would be advisable to get out of the stock otherwise it would be best advised to hold on for the time being," Parag added.