Tuesday 7 October 2008

Praj Industries has support at Rs 70: Gujral

Technical Analyst, Ashwani Gujral is of the view that Praj Industries has support at Rs 70 and resistance at Rs 107-110. One can exit on rallies.

Gujral told CNBC-TV18, "Praj Industries is falling like a rock like most other midcaps. It’s got support now at Rs 70; it will probably find resistance around Rs 107 to 110. It’s become one of those stocks that you exit on rallies."

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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