GMR INFRA LTD; ALERT

                             CMP 31.95                                        BSE 18202

• After 6/2/2012, the Stock has been closing above key resistance 29.95 consistently (except for 2 trading sessions in this period).
• It is now ready to move to the next target 34 where it faces another strong resistance.
• The overall Market sentiment seems upbeat as of now and it seems very likely that the Stock will touch 34 quicker than expected, provided it does not close below 29.95.
• Positional traders might find the above Call useful
• As for long term investors willing to ride out possible volatility, the Stock still remains a BUY.

 EARLIER POST ON GMR INFRA DTD 9/2/2012  SEE HERE
 EARLIER POST ON GMR INFRA DTD 14/1/2012  SEE HERE