Rel Comm may slip to Rs 140: Ashwani Gujral

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Rel Comm may slip to Rs 140: Ashwani Gujral

Technical Analyst, Ashwani Gujral feels that Reliance Communication could go down to Rs 140.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Reliance Comm See messages about Reliance Comm Reliance Comm BSE | NSE 10/02/12 Are Mutual Funds betting on Reliance Comm?

Technical Analyst, Ashwani Gujral feels that Reliance Communication could go down to Rs 140.

Gujral told CNBC-TV18, "Any space that is slowly having to give up all its revenues and literally provide services of free, I don't think has lot of future, so Reliance Communication basically range Rs 163-183 and Rs 315-320 is  out of question. It could go down to Rs 140. Maybe at some point relief rally starts which it brings it back to about Rs 200 but I won't bet on this and maybe the investor has a better chance of booking this one out and getting into a stronger play something like Sesa Goa on reactions towards Rs 330-340, she would make much more money out there and faster."