Shipping Corporation can test Rs 155: Gujral

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Shipping Corporation can test Rs 155: Gujral

Technical Analyst, Ashwani Gujral is of the view that Shipping Corporation can test Rs 155. But these are the kind of stocks you bail out before the budget because maybe something in the budget is expected and if that does not happen they will come back down to Rs 110-115.

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

Technical Analyst, Ashwani Gujral is of the view that Shipping Corporation can test Rs 155.

Gujral told CNBC-TV18, " India Infoline has support around Rs 120. If it gets past Rs 141 we are looking at Rs 170."

He further added, "Shipping Corporation has completed its correction. It could get back upto Rs 155. But these are the kind of stocks you bail out before the budget because maybe something in the budget is expected and if that does not happen they will come back down to Rs 110-115. But right now it is in a good momentum, maybe another couple of good days."