Buy L&T Finance above Rs 76: Shardul Kulkarni

Shardul Kulkarni, Sr.technical analyst at Angel Broking told CNBC-TV18, "The chart structure of L&T Finance Holdings is quite good. This is one stock which has actually gone through a correction and in the last 4-5 trading sessions, while many other midcap stocks have gone up, this has not gone up. I think going forward there is a possibility of L&T Finance moving higher."

"We recommend buying this particular stock, but above the levels of Rs 76. Once the stock moves above Rs 76 I think one can see substantial momentum in this counter, Rs 73 would be my stoploss on the lower side. I think Rs 83-84 levels can come over the next couple of trading days. So it is time and price correction which we feel is over and going forward an upmove should come about in it," he said. Disclosure: He may have positions in the stock discussed and may have recommended them to his clients.