Ashok Leyland has target of Rs 32.50-33: Thukral

Ashok Leyland has target of Rs 32.50-33, says Hemant Thukral, National Head-Derivative Desk, Aditya Birla Money.

Thukral told CNBC-TV18, "Yesterday you saw M&M, Bajaj Auto seeing some volume built up but Ashok Leyland saw a maximum open interest and a volume built up. Importantly, the stock has corrected from Rs 33 and taken support from Rs 29.50-30 levels."
He further added, "Till it holds above that Rs 29 - 28.50 mark, it is still in that bullish orbit. So anybody who is taking a trading position should keep a stoploss of Rs 28.50-28 levels. The target that I am seeing immediately on Ashok Leyland is around Rs 32.50-33. So that means 8-10% trading move can be seen in the next 3-4 trading sessions."