Keep Rs 440 stoploss in NMDC: Gujral

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Keep Rs 440 stoploss in NMDC: Gujral

Keep Rs 440 stoploss in NMDC, says Technical Analyst, Ashwani Gujral.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about NMDC See messages about NMDC NMDC BSE | NSE 13/02/12 Are Mutual Funds betting on NMDC?

Keep Rs 440 stoploss in NMDC , says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "NMDC has been going up for the last 4-5 days, the breakeven stock is probably appropriate, anytime news events do not play out in the stock, it will crash 20% the way it has been going up, so keep a Rs 440 stoploss and have a target of about Rs 490. These are trading targets because investment case was probably there in Rs 100 or 200 and I don't think after such run up you should be investing in such stocks."