Buy Voltas close to Rs 98: Abhijit Paul

Buy Voltas close to Rs 98, says Abhijit Paul, Technical Analyst, Brics Securities.

Paul told CNBC-TV18, "For Voltas one has to look from a slightly medium to long term point of view. It had fallen off very sharply and then the bounce back happened pretty good. The cash market volumes in that move are quite good as well. The supports like Rs 98-99 if one is looking from a trading point of view, look to buy close to Rs 98."
He further added, "On the upside as long as Rs 117-118 is not taken out, I sense that the stock will try to stay within a range. I started off by saying that one should look from a slightly medium to long term point of view only because of the fact that the stock is trying its best to move into an uptrend and once it takes out Rs 117 on the upside it can actually extend for further up."