LANCO INFRA - 'THE STRONG ONE'

                                       CMP 20.85                       BSE 18078

• As market participants might already have noticed, that LANCO INFRA seems to be in an orbit of its own.
• By far, it has shown the greatest strength from amongst the largely traded infra counters such as GMR, GVK, IVRCL, HCC etc.
• As far as TECHNICALS go, even yesterday (22/2/12) when it saw that big sell off along with the overall market it did not really break the 200 DMA on a closing basis. It went down to 19.05 but closed at 19.5. 200 DMA is at 18.9.
• Of course, today it stood out during the day strongly bucking the Market trend and closed at 20.85 up 7% approx after rebounding from 18.8 intraday.
• The Short term trend on the Scrip is strongly positive and as long as 18.8 holds on a closing basis, we should see much higher levels on the Stock in quick time.
• On the downside a break below 18.8 on  a closing basis for a few trading sessions could see it test 15.25 levels worst case, but frankly, I don't see this happenning in this kind of a Market barring some geo-political event which affects the Macro trend.
• On the upside, immediate target seems to be around 25 levels.
• Stay invested and enjoy the ride.

EARLIER POST ON LANCO INFRA DTD 14/1/2012 SEE HERE