Parag Doctor, Head, Trading Strategies of Keynote Capital's told CNBC-TV18, "Larsen and Toubro (L&T) is the best stock in the infra capital goods space. It has been outperforming the other stocks which are in terrible shape on the charts. So, by default it is the best investment in that space and technically Rs 950 is one short-term support we are looking at and if that holds we expect the stock to go back to around Rs 1,000-1,025 mark."
"For longer term investments this would anyway be a good price to enter and if Rs 950 does not hold then Rs 900 is a very strong support and we do not expect that stock to really break Rs 900 level anytime soon. So this entire zone would be a good place to make fresh investments between Rs 900 and the current price of Rs 960 or so," he added.
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