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Apr 19, 2010, 09.40 AM IST
Praj Industries can slip to Rs 81-82, says Anu Jain of IIFL Private Wealth Management at India Infoline.
Jain told CNBC-TV18, "Praj Industries is close below its ten day moving average and at about Rs 88, it’s good for about Rs 85.5 that would be my first target, there is some kind of support emerging there and if that gets broken then Rs 81-82 is the zone it can go down to.” She further added, “The open interest build-up is also negative, so both put together its one of those stocks that I would like to play on the negative side.”
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