Expect Siemens to test Rs 1248-1250: Siddarth Bhamre

Siddarth Bhamre of Angel Broking told CNBC-TV18, "Siemens has been correcting, we are seeing that around Rs 1,120-1,150 the stock has good support. Though in futures & options (F&O) we have seen very little formation of long positions but we are seeing some cash based buying happening in this counter."

"I am expecting a pullback in Siemens, I don’t have a very aggressive target price as such. I am expecting Rs 1,248 -1,250 in this stock with stop loss around Rs 1,115," he said.

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