Monday, September 15, 2008

Sesa Goa can slip to Rs 100: Gujral

Technical Analyst, Ashwani Gujral is of the view that if Sesa Goa breaks Rs 131 then it can slip to Rs 100.

Gujral told CNBC-TV18, "The commodity cycle seems to be going in for an extended correction. If Rs 131 breaks down this could go down all the way to Rs 100, it will gain strength only above Rs 160. On any rallies one need to exit for the moment."

Disclosure: Analyst holds long positions on the Nifty.

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