Above Rs 154, SAIL can test Rs 171: Gujral

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Above Rs 154, SAIL can test Rs 171: Gujral

Technical Analyst, Ashwani Gujral is of the view that above Rs 154, SAIL can test Rs 171.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS SAIL top gainer on the Nifty ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about SAIL See messages about SAIL SAIL BSE | NSE 28/05/12 Are Mutual Funds betting on SAIL?

Technical Analyst, Ashwani Gujral is of the view that above Rs 154, SAIL can test Rs 171.

Gujral told CNBC-TV18, "SAIL showed a good move, it has had support around Rs 130-135. If it can get past Rs 154 then Rs 171 is a good level. Globally although metal prices are coming down but steel is showing good resilience."

He further added, " Ispat is not my favorite and even among steel stocks it remains weak. It has got support around Rs 24 and it may trade upto Rs 30-31 but that is where one must book profit."