Geojit Financial has resistance at Rs 88: Gujral

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Geojit Financial has resistance at Rs 88: Gujral

Technical Analyst, Ashwani Gujral is of the view that Geojit Financial has resistance at Rs 88. It has support around Rs 50. Lanco Infratech has support at around Rs 450, resistance could come in at Rs 576 and Rs 633, he added.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Geojit BNP See messages about Geojit BNP Geojit BNP BSE | NSE 30/05/12 Are Mutual Funds betting on Geojit BNP? Other Stocks in this news Lanco Infratech |

Technical Analyst, Ashwani Gujral is of the view that Geojit Financial has resistance at Rs 88.

Gujral told CNBC-TV18, "Geojit has support around Rs 50 and as the market starts moving up there is activity in the stock broking stocks and it has now got resistance at around Rs 73 and then Rs 88."

he further added, "As retail comes back, double digit stocks start going well in terms of construction, I think Lanco Infratech is looking like it is making a bottom but you must remember that in all these heroes of last year you will get trading rallies because they are already quite overowned. So support here is around Rs 450, resistance could come in at Rs 576 and Rs 633."