GMR Infra support seen at Rs 45: Gujral

73072 Investors following GMR Infra. Share this News with them.

0

Like this story, share it with millions of investors on M3

GMR Infra support seen at Rs 45: Gujral

Technical Analyst, Ashwani Gujral is of the view that GMR Infra broke down from level of Rs 60 and support is seen at Rs 45.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS Exit DLF: Ashwani Gujral Ranbaxy Labs has support at Rs 360-365: Gujral Sakthi Sugar may slip to Rs 70: Gujral Punj Lloyd may slip to Rs 135-140: Gujral ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about GMR Infra See messages about GMR Infra GMR Infra BSE | NSE 10/02/12 Are Mutual Funds betting on GMR Infra?

Technical Analyst, Ashwani Gujral is of the view that GMR Infra broke down from level of Rs 60 and support is seen at Rs 45.

Gujral told CNBC-TV18, "infra stocks have broken down. JP Associates could rush towards Rs 115-110 which used to be a prior support fairly quickly.

GMR Infra broke down from level of Rs 60 and next support could come at about Rs 45 and also Lanco, support now comes at about Rs 32-35. Hence, these stocks, after being in a range they have pierced through the lower end of their ranges as the Nifty did that. Since they are outperforming on the downside they are likely to hit lower levels before the Nifty does".