NCC can move towards Rs 95, says Amit Gupta

Amit Gupta, Head- Derivatives at ICICIdirect told CNBC-TV18, "NCC has spend enough time in the range of Rs 70-75 levels and the delivery buying which has happened around Rs 75 - that is almost three-four months high. It came into Futures and Options (F&O) segment in the month of September 2015 and in the last couple of series, the open interest has gone up to the life highs, so almost one year high since its inclusion in F&O.""The buying interest is coming back into the stock and as we are approaching towards the start of the parliamentary sessions and monsoon has also picked up, all of these things are doing great for infra stocks right now and there is a possibility of another rate cut in the coming days. So NCC could move towards Rs 95 level from here on and one can keep a stop loss around Rs 76 for the positions," he said.