Wednesday, 15 October 2008

Buy Larsen, says Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that one can buy Larsen and Toubro, L&T with a long term perspective.

Bhambwani told CNBC-TV, "I would give L&T Rs 800 to Rs 820 levels before I start buying again. Long term investors are seeing that the weekly charts are getting into oversold zone, so if one is looking at a 6 quarter�s time frame then he/she should buy now, but if you are a trader then wait and watch even at these levels."

Disclosure: It is safe to assume that analyst & his clients may have an investment Interest in the stocks/sectors discussed.

Source: Moneycontrol

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