Sterlite Industries can test Rs 920-925: Mohindar

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Sterlite Industries can test Rs 920-925: Mohindar

Sterlite Industries can test Rs 920-925, says Rahul Mohindar of Viratechindia.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rahul Mohindar See what other Experts & Brokerages are saying about Sterlite Ind See messages about Sterlite Ind Sterlite Ind BSE | NSE 09/02/12 Are Mutual Funds betting on Sterlite Ind?

Sterlite Industries can test Rs 920-925, says Rahul Mohindar of Viratechindia.

Mohindar told CNBC-TV18, "The longer term perspective on Sterlite Industries chart still looks very good and I wouldn't be really concerned about the immediate high that it made. I certainly think that will be taken out and probably we would head into levels like Rs 920 or 925 which is going to work in as a key resistance for this stock."

He further added, "Looking at the shorter term picture you might have some range trading between Rs 800-850 before we see this move upto Rs 920, if I were holding this stock I would keep a stoploss below the Rs 800 mark, so Rs 790 is a good stoploss. I too would recommend the investor to hold on for Rs 920 targets."