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Suzlon Energy has support at Rs 204: N Pillai

Published on Fri, Aug 29, 2008 at 11:21 |  Source : CNBC-TV18

Updated at Fri, Aug 29, 2008 at 12:31  

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Neppolian Pillai of Modern Shares & Stock Brokers is of the view that Suzlon Energy has support at Rs 204.

Pillai told CNBC-TV18, "Suzlon has a very strong support around Rs 204 level. Though it is weaker on the charts but if it manages to hold Rs 204 on closing basis on a weekly close, I do not mind looking at that stock with a stoploss below Rs 200 and try to run up another Rs 20-30 on the upside, Rs 230-232 will be the target on the up."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

  

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