Thursday, 20 November 2008

Unitech can slip below Rs 30: Bose

Technical Analyst, Rajat K Bose is of the view that Unitech can slip below Rs 30. If HDIL breaks Rs 83-87 level then it has support at around Rs 75, he added.

Bose told CNBC-TV18, "Unitech still looks weak. In fact, I would say that it can go below Rs 30 and move down there as well."

He further added, "HDIL, my targets had been Rs 75 and it is very close to that but between Rs 87-83 there is some amount of support. Real Estate may not rally immediately although other side of the market in any kind of recovery attempt would do better than real estate."

Source: Moneycontrol

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