Sundram Fasteners may go to Rs 164.75: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Sundram Fasteners need to cross its 200-day moving average but yesterday it closed very close to that level, Rs 160-161 is the level around which the 200-day exponential moving average (EMA) is located.""I am expecting it to cross because it has been price volume breakout, so Rs 161 is the moving average level and Rs 164.75 is the target and put a stoploss below Rs 155.90. Since Rs 156-157 should now act as a good support area," he added.