Friday, 14 November 2008

Rel Comm has support at Rs 175-180: Gujral

Technical Analyst, Ashwani Gujral is of the view that Reliance Communications has support at Rs 175-180.

Gujral told CNBC-TV18, "Bharti Airtel continues to remain in the range of Rs 580 to about Rs 750. On the downside Reliance Communications has support at Rs 175 to Rs 180, for upside about Rs 260 to Rs 265 seems to be a resistance. Tata Communications strangely seems to be the strongest stock, its really outperforming the sector and could probably head towards Rs 550 to Rs 560 in the days to come."

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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