Tuesday 7 October 2008

JSW Steel may slip to Rs 290: Gujral

Technical Analyst, Ashwani Gujral is of the view that JSW Steel can go as low as about Rs 290.

Gujral told CNBC-TV18, "All steel stocks are in freefall mode right now, so there is very little to choose from. We need basing formations in these stocks before they will bottom out. JSW Steel could go as low as about Rs 290 before it finds significant support and resistance here could be closer to about Rs 399-395."

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

Source: MoneyControl

Posted by Harsh at 00:25

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