Book profit in Coal India around Rs 378- 380: SP Tulsian

Book profit in Coal India around Rs 378- 380, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “Coal India, I have been taking the higher or maybe the strong resistance as Rs 355 but it has already breached now and this has largely to do with the directives that now the FSA is going to get signed which is seen positive by the market specially for the Coal India though it will be positive for the power generation company also but for the time being it has been seen more focused on the Coal India.”
He further added, “For now the level could go to about Rs 378-380 where it should take a pause or maybe the profit booking should come at those levels.”
“ACC, if one just knock off the extra depreciation having provided by the company of Rs 335 crore honestly I don’t find any difficulty or anything wrong with the results but optically that gives a very bad impression or bad results impression but except for that I don’t honestly find anything wrong with the results.”