Hemant Thukral of Aditya Birla Money suggests going long in Petronet LNG with a target of Rs 210.
Hemant Thukral of Aditya Birla Money told CNBC-TV18, " Petronet LNG is a midcap which I don't see usually trading interesting built up but on Friday we have seen a fresh open interest of 10 percent. Interestingly the rollovers have increases that means the majority of the positions have been mazed in the next series with premium that is the cost increasing, so clearly telling that long positions have come in place."
"Technically now it is sustaining above Rs 195 which gives me a target towards that Rs 207- 212 which is the next resistance zone for Petronet. So, I would recommend people to go long on this stock keeping a stoploss of Rs 193-195 that has been a very strong support zone for Petronet and a target of Rs 210 in mind," he added.
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