Buy SREI Infra for Rs 53-54 target, stop loss Rs 44: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, shares his investment ideas.

What is the call on SREI Infra?

I would take a position on SREI Infra. It is showing very high volumes, supported by a clear price break out around Rs 45 and at the current level of Rs 47, it has the legs to go to Rs 53-54 over the next week or two. So, one can take position at this level as a trader, keep a strict stop loss of Rs 44 and an upside target of between Rs 53 and Rs 54.