SAIL has support at Rs 117: Gujral
Published on Monday, September 29th, 2008 at 6:52 AMAuthor: admin (5507 Articles)
Technical Analyst, Ashwani Gujral is of the view that SAIL has support at Rs 117 and probably Rs 160 is a resistance.
“SAIL has held up quite well in the entire metals decline; Rs 117 is now a support here and probably Rs 160 is a resistance.”
He further added, “Chambal Fertilisers has been range bound for the last two months and this stock can get beaten up because of F&O positions. Rs 55 is a key level; if Rs 55 gets taken out then one could see it is moving quickly towards Rs 41. I think resistance would be around Rs 65-66.”
Disclosure: Analyst doesn’t have positions in the above stock.
Source : MoneyControl
Subscribe to my newsletter filling the form below. I'll try to make you happy.
Related Posts :
|
|
|
Market Live |
|
|
Loading ...