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SAIL has support at Rs 72: Mohindar
This article was posted on Mar 4, 2009 and is filed under Stock Views
Rahul Mohindar of Viratechindia is of the view that Steel Authority of India, SAIL has support at Rs 72.
Mohindar told CNBC-TV18, “In SAIL – there is good support at Rs 72 – so if I am long I would keep a stop loss below Rs 72. I think the short-term move is good to go till about Rs 83-84 but looking at the bigger picture, even at these levels it makes a fairly attractive investment. Down the line I see it hitting into the Rs 90s in the next 2-3 months.”
source: Moneycontrol
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