Mohindar told CNBC-TV18, " L&T looks something which is weak. In fact that whole space including something like BHEL looks weak. I would say L&T around the Rs 1,360-1,370 mark or even at current levels for that matter, my sense is L&T would probably move towards Rs 1,300 or even sub Rs 1,300 levels - that's a short term call so given a week or two, you could see some weakness coming into L&T keeping a stop at Rs 1,395 one could look at those sub Rs 1,300 targets coming in.
He further added, "On the buy side, I would probably look at something like ONGC . It feels like a bit of a safe haven, we have been maintaining above Rs 302-303 levels which is important for that stock. So maybe we will slowly and steadily inch towards Rs 335. One could look at buying into the stock around Rs 305 with a stop loss around Rs 301-302 levels. So that would be something on the buy side."
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