Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "Ceat has broken the weekly support and also holding below its 50-day moving average. On last trading session, it added open interest on the short side by 9-10 percent and because of that weakness might be there.""So, recommending to sell with a stop loss of Rs 1,060 for the downside target towards Rs 1,000 levels," he added.At 10:04 hrs Ceat was quoting at Rs 1,018.00, down Rs 15.30, or 1.48 percent. It has touched an intraday high of Rs 1,038.30 and an intraday low of Rs 1,015.40.
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