And yes the sector which we analysed in the ITG gave the needed boost today. (In fact one scrip which we analysed a couple of sessions back (Apar Ind) hit the 20% circuit today..)
In fact what I understand is that these are the times of 'dart board' trading - pick up any stock and it would rise in a couple of weeks ... (wooops - have we experienced this before?)
But as the saying goes - Make hay while the Sun shines. . .
One stock in the infrastructure space which is coming out of consolidation is GTL INFRA.
Consider a break above Rs 45.50/- as a sign of further buying momentum and target a price of Rs 58-60+ in coming days ... Keep your stop at Rs 40/-.
Happy trading
CA Rajiv D Khatlawala
www.investogyan.com
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