SENSEX NIFTY
Mar 18, 2013, 04.54 PM IST | Source: CNBC-TV18

Coal India may slip to Rs 280: Chaturmohta

Ashish Chaturmohta, Fortune Equity Broker is of the view that Coal India may slip to Rs 280.

Ashish Chaturmohta, Fortune Equity Broker is of the view that Coal India may slip to Rs 280.

Chaturmohta told CNBC-TV18, “It looks weak because Coal India has been continuously consolidating at a lower level and at that point we have seen a very strong accumulation of shorts in this stock. Breaking this Rs 300 level again a fresh weakness may start and we may see the stock cracking towards Rs 280 levels. So, definitely looks quite weak and Rs 307-308 could be the stop loss for going short in Coal India at this point in time.”

Set email alert for

ADS BY GOOGLE

video of the day

Retail buyers, MFs are back; midcaps hold promise: Ambit

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.