Stock of the day : BUY DEC 3100 CE Larsen & Toubro Ltd For Target Rs.110 - Religare Broking
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Larsen & Toubro Ltd
* LT has been in a steady uptrend for over a year and currently trading around all time high levels.
* After a breather, it has formed a base around its short term moving average i.e. 20 DEMA.
* The price pattern coupled with uptick in volume suggests bullish tone to continue.
* We thus recommend creating longs through the Call option
BUY DEC 3100 CE Larsen & Toubro Ltd CMP 71.75; Range* 70-73 ; SL 50; Target 110
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SEBI Registration number is INZ000174330
