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Technical Analyst, E Mathew is of the view that L&T has support at Rs 2553.

“L&T has been major disappointment. The very important support zone for the stock is around Rs 2,553. In the event Rs 2,553 is broken, I am afraid we could see the stock slide to even sub Rs 2500, in order words it could go to even Rs 2,470-2,480. But I am hopeful that the stock would attract support somewhere around the Rs 2,550 zone.”

Disclosure: Analyst doesn’t hold the above stock.

Source : MoneyControl

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