Can take a bet on GMR: Sameer Shetye, AK Stockmart

Sameer Shetye, Derivatives & Technical Analyst, AK Stockmart in a chat with ET Now talks about GMR.

Any counters from the infrastructure space that you see having a lot of value at the current juncture and probably an entry point would be advisable?

I was just looking at GMR and the stock has taken support at multi-month trend line which is close to 53-53.5 levels. One way to enter the stock is that one can poise an entry at roundabout close to 55 and above levels for a target of 57.5. I would then keep my stops at close to 52.95 or thereabouts. So GMR yes one can take a risky bet at roundabout 55 odd levels with stop at 53 for a target of 57.5.