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Technical Analyst, Rajat K Bose is of the view that if Balrampur Chini Mills has support at Rs 53.

“For Balrampur Chini, a crucial level would be Rs 56. If it were to maintain above Rs 56 then you will see some kind of a bounce back happening and then the breathier would again be Rs 61. On the other hand if it trades below Rs 56 then we expect first support level to be Rs 53 and below that it would be Rs 51 to Rs 49. So we need to watch Rs 56 closely.”

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source : MoneyControl

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