HomeNewsBusinessStocksSuzlon Energy can test Rs 56-57: Thukral

Suzlon Energy can test Rs 56-57: Thukral

Suzlon Energy can test Rs 56-57, says Hemant Thukral, Head, Derivatives Research, SBI Capital Securities.

July 22, 2011 / 12:09 IST
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Suzlon Energy can test Rs 56-57, says Hemant Thukral, Head, Derivatives Research, SBI Capital Securities.
Thukral told CNBC-TV18, "In Suzlon Energy the way the positions have been placed yesterday in the afternoon trade, the way the open interest added up, 7% fresh open interest adding up and the important thing to note is the way the cost of carry moved up from 15 bps to 22 bps, so clearly implying that a lot of longs have been added up in that stock. Rs 50-55 these were the main areas where a lot of call writers are present. If this stock continues move today and doesn

first published: Jul 22, 2011 10:04 am

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