Zensar Technologies has target of Rs 323: Gujral

Published on Thu, Nov 26, 2009 at 09:58 |  Source : CNBC-TV18

Updated at Thu, Nov 26, 2009 at 11:05  

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Zensar Technologies has target of Rs 323, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Zensar Technologies is an amazingly strong stock. It never corrects when the market does so. So you could have a target of about Rs 323 and a stoploss of about Rs 293."

He further added, "Overall on the market, we are doing this narrow range of 5,050-5,110 on the Nifty and when you have these narrow ranges at the top of a move that is never a good sign. Also what you were speaking about earlier that the correlation between equity and dollar index is breaking down; when that happens, things sort of change, so people should keep close stops from here."

  

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