GMR, Lanco good bets in infra space: Sharekhan
GMR Infra, Lanco both have had a good correction and are looking good.
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| Is there anything out of infra sector that you like in particular?
Somil Mehta: I like GMR Infra, Lanco Infra, both are looking good. They have had a good correction till now and these are the right levels to buy GMR Infra and Lanco Infra.
For Nifty, would you revise your targets? Seems like we are conclusively above the 5950 odd level... what next now, where did you find support?
Somil Mehta: For Nifty, the resistance on the higher side would be around 6130 and on the downside, 5900 and 5850 would be the support. Whatever we are here, the rally which we have seen today is just a pullback and in the short term, I am a little bearish.
What is the downside that you envisage?
Somil Mehta: 5730 would be the right level where we can buy again for the medium term prospects.
Somil Mehta: I like GMR Infra, Lanco Infra, both are looking good. They have had a good correction till now and these are the right levels to buy GMR Infra and Lanco Infra.
For Nifty, would you revise your targets? Seems like we are conclusively above the 5950 odd level... what next now, where did you find support?
Somil Mehta: For Nifty, the resistance on the higher side would be around 6130 and on the downside, 5900 and 5850 would be the support. Whatever we are here, the rally which we have seen today is just a pullback and in the short term, I am a little bearish.
What is the downside that you envisage?
Somil Mehta: 5730 would be the right level where we can buy again for the medium term prospects.
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