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Bajaj Auto has support at Rs 1630: Thacker

Published on Fri, Feb 05, 2010 at 11:44 |  Source : CNBC-TV18

Updated at Fri, Feb 05, 2010 at 13:05  

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Mitesh Thacker, Technical Analyst, mitesh thacker.com

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Technical Analyst, Mitesh Thacker of mitesh thacker.com is of the view that Bajaj Auto has support at Rs 1630.

Thacker told CNBC-TV18, "Looking at the price chart of Bajaj Auto this looks more of a corrective decline you can get smaller targets of about Rs 1630-1600 where the weekly supports are placed. Hence, one can play for that in the kind of market we are in. Here the short would be taken with a support of Rs 1630."

  

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