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Rajat Bose of rajatkbose.com told CNBC-TV18, "Technically Balaji Telefilms is not showing any major momentum, in fact, it is languishing at lower levels. Now it needs to clear Rs 88-91.5 supply zone, once that is taken out, then you can expect it to move up further and only when it crosses Rs 96 that is a critical level, above that only a sustainable upswing can be expected. Prior to that as I said initial target Rs 88-91.5 and thereafter Rs 96."
Balaji Telefilms ended at Rs 84.25, up Rs 1.00, or 1.20 percent on the BSE.