Buy GSPL with target of Rs 118: Nooresh Mirani

Buy GSPL with a target of Rs 118, says Nooresh Mirani, AVP Technical, AMSEC Research.

Mirani told CNBC-TV18, "Gujarat State Petronet (GSPL) has seen excessive momentum yesterday with a good price and volume candle as well as the recent weekly high of Rs 110-112 have been crossed, which gives it a potential target price of Rs 120-130 in the short term. I initiate a buy call with a target of Rs 118 and stop loss of Rs 108."