RCF can touch Rs 130-135: Gujral

Published on Mon, Jan 18, 2010 at 18:56 |  Source : CNBC-TV18

Updated at Mon, Jan 18, 2010 at 19:21  

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Ashwani Gujral, Technical Analyst

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Technical Analyst, Ashwani Gujral is of the view that Rashtriya Chemicals and Fertilisers can touch Rs 130-135.

Gujral told CNBC-TV18, "Rashtriya Chemicals and Fertilisers (RCF) is sort of breaking out above Rs 90-92. If it can maintain that one could see levels of Rs 130-135 because that's significant intermediate high."

He further added, "If Dredging Corporation can maintain Rs 640-645, there you could see couple of 100 points kind of moves. All these mining stocks, divestment plays that's the pocket that's really showing large gains. Something like an EIL probably is now done and people should book out. State Trading Corporation of India (STC) could head up to still levels of Rs 650."

  

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