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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Monday, 26 January 2015

How much L&T could scale post US-India Nuke and Defence deal?









L&T could be a major beneficiary of the US-India Nuke & Defence deal. Its also gaining immensely from "Modinomics" theme, thanks to increase infrastructure spending in India.

Although L&T (CMP: 1711) has run up a lot recently from 1486 zone, looking at the chart, it could go 1778-1825 zone in the short term and in the long term (1 year), it could even go to 2220 zone.  

On the downside, 1690 & 1648 may be the positional supports for the time being.
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