Friday, 21 November 2008

Go long on Punj Lloyd at Rs 139: Dutta

Devangshu Dutta, Consulting Editor of Living Media is of the view that one can go long in Punj Lloyd at about Rs 139 and cover the trade at Rs 152-153.

Dutta told CNBC-TV18, "In Punj Lloyd I would be looking for an intraday high of about Rs 154 or so in the next couple of days. I’d say the Rs 140 put, which is probably being hit right now, is reasonably good. So, I’d say that you could go long on the stock at about Rs 139, and cover the trade at Rs 152-153."

Disclosure: Analyst doesn't hold the above stock but has recommended it to the clients.

Source: Moneycontrol

No comments:

Post a Comment

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.