Kernex Micro has support at Rs 120: Gujral

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Kernex Micro has support at Rs 120: Gujral

Kernex Microsystems (India) collapsed to Rs 110 to about Rs 90, it's still got steam and probably it would get to levels of Rs 160. It has a good support at about Rs 120, says Technical Analyst, Ashwani Gujral.

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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 Kernex Micro See messages about Kernex Micro Kernex Micro BSE | NSE 01/06/12 Are Mutual Funds betting on Kernex Micro?

Kernex Microsystems (India) collapsed to Rs 110 to about Rs 90, it's still got steam and probably it would get to levels of Rs 160. It has a good support at about Rs 120, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Kernex Microsystems (India) collapsed to Rs 110 to about Rs 90, it's still got steam and probably it would get to levels of Rs 160. It has a good support at about Rs 120."

Kernex Microsystems (India) touched an intraday high of Rs 135 and an intraday low of Rs 129.85. At 13:22 hrs the share was quoting at Rs 130.50, down Rs 3.05, or 2.28%. It was trading with volumes of 196,532 shares. Yesterday the share closed up 6.37% or Rs 8 at Rs 133.55.