Neyveli Lignite can test Rs 165: Sharma

Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Salil Sharma See what other Experts & Brokerages are saying about Neyveli Lignite See messages about Neyveli Lignite Neyveli Lignite BSE | NSE 10/02/12 Are Mutual Funds betting on Neyveli Lignite?

Neyveli Lignite can test Rs 165, says Salil Sharma , Technical Analyst, Kapur Sharma & Co.

Sharma told CNBC-TV18, "For RCF , I think that the day the news came last week, we saw a very huge volume increase in that counter and the share price going up. I guess that would be the trend in other ones also but this one looks particularly good and I think once it closes above Rs 80-81, that would make it no more interesting."

He further added, "In Neyveli we are seeing a good move today and if it closes above Rs 150-153 then it can go initially to Rs 165 and then close to around Rs 190."

Disclosure: I do not have a personal holding in any of the above stock/sector today but may have recommended them to clients.