Go long in GMR Infra, says Shardul Kulkarni

Go long in GMR Infrastructure, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.

Kulkarni told CNBC-TV18, "If you specifically restrict to the infrastructure space then the charts of GMR Infra look quiet decent. The stock has given a corrective rally over the past few trading sessions and the stock is moving side ways. So a breakout above the levels of Rs 30.35 or Rs 30.5 on a closing basis is a very strong indicator that you can actually go long in case of GMR Infra."

He further added, "There are a few stocks wherein other than the infrastructure space wherein probably if one has to participate and is compulsorily wanting to be in the market then yes there are few stocks which I would look at. One is ILandFS Transportation Networks, the stock is up today and the rally can continue in that case. Thomas Cook is also another counter wherein you can initiate long positions as well as in case of Taj GVK wherein you can expect another 6-7% on the higher side."