Dec 26, 2006, 01.37 PM IST | Source: CNBC-TV18

Keep away from VisualSoft: Gujral

Technical Analyst, Ashwani Gujral is of the view that one should keep away from VisualSoft unless it maintains above Rs 100 for many sessions.

Technical Analyst, Ashwani Gujral is of the view that one should keep away from VisualSoft unless it maintains above Rs 100 for many sessions.

Gujral told CNBC-TV18, "VisualSoft is a midcap story, which has gone a little sour. The stock is trying to bottom out between this 65 and 100 range. I think Polaris was at this sort of a situation probably six months back. It needs to maintain above this Rs 98-100 before you can say that the stock has bottom out for good and then it should probably head for about Rs 140. But before it closes decisively above a Rs 100 for many sessions, I would keep away from the stock."

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