Sun TV Network can touch Rs 500: Gujral

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Sun TV Network can touch Rs 500: Gujral

Sun TV Network can touch Rs 500, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Exit Sun TV: Sukhani Sun TV Q3 net profit up at Rs 152 cr ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Sun TV Network See messages about Sun TV Network Sun TV Network BSE | NSE 31/05/12 Are Mutual Funds betting on Sun TV Network?

Sun TV Network can touch Rs 500, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Sun TV Network seems to have given a fresh breakout and chances are it will move higher towards levels of Rs 464 and then probably even towards Rs 500. It got support at around Rs 378."

He further added, " Zee Entertainment finds resistance around Rs 290. Once it can take Rs 290 out there could be higher levels for it."

" Deccan Chronicle has consolidated around Rs 165-170. I am biased more towards the south based media plays than others. So probably Deccan and Sun look much better than a lot of the others."