GAIL India has strong support at Rs 300: Agarwal

Sanjeev Agarwal, CEO, Dynamix Research & Capital Management is of the view that GAIL India has strong support at Rs 300.

Agarwal told CNBC-TV18, “Rs 300 has been a very good support for this stock. Actually, it has given a sell around Rs 345-350 which we had given in some earlier programs also. Now, it is just reaching that support below Rs 300. I feel keeping a little bit leeway, keep a stop loss below Rs 290 and hold for a bounce. If you are able get somewhere around Rs 330-325 which is possible, I am not saying it is entirely impossible because we maybe finishing this down move in next two-three days. Once there is a pull back, some stocks may give a higher pull back than others. So just keeping that hope alive, any pullback one should exit because overall trend remains strong.”