Coal India likely to trade in Rs 315- 345 range: SP Tulsian

Coal India is likely to trade in Rs 315- 345 range, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “The infrastructure stocks should be in focus because of the likely inflow which they maybe able to acquire so one can keep an eye on the infra stocks and larger ones like the companies having huge debts kind of things maybe the GMR, GVK, IVRCL, those stocks can be looked at, at this stage.”
He further added, “Coal India, Rs 345-348 generally that has been the profit booking level which we have seen repeatedly. In last six months if you have plot the chart I think maybe on 10 occasions you have seen the profit coming at those levels and the buying coming back at a level of about Rs 315 or so. So I have been maintaining my view for last six months that Rs 315-345 is seen as a tight range for the stock in which it has been trading and I will continue to respect that trading range for the next couple of months as well.”