LIC Housing may go down to Rs 205-200: Bhamre

LIC Housing Finance may go down to Rs 205-200, says Siddharth Bhamre, Angel Broking.

Bhamre told CNBC-TV18, "In Crompton Greaves there has been good amount of cash based selling which was visible. As I interact with my fundamental guy, he is saying that the kind of falls which we have seen in last two quarters, one should not expect further falls from current levels in Crompton Greaves. In the quantum of short positions standing in the stock is also quite high. If there is a dip till Rs 130-135, I think this would be a good pick from medium term perspective - that is our in-house call."
He further added, "LIC Housing Finance has a potential to go down to probably Rs 205-200 levels - that is where some kind of support is there. We have seen good amount of short positions, which got piled up in yesterday