Fortis at a support zone of 130-135 would qualify for a buy: C K Narayan

C K Narayan, Growth Avenues Asset Advisors in an interview with ET Now talks about Fortis.

What is the call on Fortis?

I do like the stock but I like the stock at lower levels. At about 130-135 is where the first of the supports would actually emerge and that was also the reason of the last dip of the stock.

So I do not think I would like to take a look at a long position till it reaches into those areas and the way the news is actually panning out and some amount of pressure is building up on the stock, it seems that the stock would visit the support zone around 130-135.

So let’s take a review at that point of time. If that support zone actually survives, it would then again qualify for a buy.