LANCO INFRA; UP 78% IN 3 WEEKS

LANCO INFRATECH:  CMP 14.8

• Upside resistances seen at 15.85 followed by 16.9 and then a major one at 18.8, crossing which on a closing basis, one could get a target of 22.
• Downside supports at 13.7 followed by 12.6 and then a major support at 11.7 odd.
• Long term investors can hold and add on dips (possible dips on account of sentiment reversal due to the EU downgrade etc) for a 12 month conservative target of 24.9.