Suzlon Energy has support at Rs 51: Anu Jain
Suzlon Energy has support at Rs 51, says Anu Jain, IIFL Private Wealth Mgmt, IIFL.
January 13, 2011 / 10:16 IST
Suzlon Energy has support at Rs 51, says Anu Jain, IIFL Private Wealth Mgmt, IIFL.
Jain told CNBC-TV18, "Suzlon Energy is being able to hold on to the previous lows, it is at about Rs 53, supports are closer to these levels at about Rs 51, can pull up to about Rs 57-58 kind of zones. Beyond that I think there would be strong resistance but can pull up to those levels."She further added, "Shree Renuka has been a strong chart, which has outperformed in the last three to three and a half months and it basically moves to the Rs 90 zone then rest around Rs 94-95. If there is momentum in the market, it pulls up to Rs 100. So if the pullback rally continues for sometime, there would be slightly higher upmove onto it but otherwise it could basically, I would say that if I was holding it, I would probably look a stop loss closer to Rs 88-88.50 and if it breaks that then it could go into a tease again. So, probably strong chart but relatively I would say for the day, Suzlon is a better chart."
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