Thursday, October 27, 2011

Technical call - Long Larsen & Tourbo Ltd.

Buy Larsen & Toubro Ltd.(LT)above 1355 with strict stop loss below 1320. LT has made piercing pattern on 25 Oct 2011. Volumes are also good on that day, we can play for target 1450 for LT in coming few days.

Reliance will be good medium term pick, it is making higher Top & higher Bottom. Stop loss for Reliance is around at 840-845 level. Short term target is 950 and medium term is 1100.

Happy Trading ....

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