Spurt seen if Nagarjuna moves above 166 levels: devangvisaria.com

Devang Visaria, Chief Strategist, devangvisaria.com in an interview to ET NOW said If the Nagarjuna Construction stock manages to move above 166 levels, it could have a decent spurt. Possibly one should look for targets of closer to 180 or 190.

Infrastructure, any big move you expect there, on the charts of those order stocks to turn into technical upticks?

We like Nagarjuna Construction stock. If it manages to move above 166 levels, you could have a decent spurt on this one. Possibly look for targets of closer to 180 or 190...

And this is a day trade?

Not a day trade, more of a positional trade.

Do you think more hammering is in place and so if there is, do you join the hammering?

I do not think it should be getting hammered more because 283 was the level from where it started its up move in November 2009 and you are basically trading around those same levels.