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Shree Cements has support at Rs 1150: Gujral

This article was posted on Jul 9, 2009 and is filed under Stock Views

Technical Analyst, Ashwani Gujral is of the view that Shree Cements has support at Rs 1150.

Gujral told CNBC-TV18, “I tend to like some of the midcap type stocks because they give better performance, but obviously the entire cement space is looking strong. For Shree Cement, there is good support at around Rs 1150 and it’s got resistance at around Rs 1360. Cement is some rural play, that’s come in for the budget because all the other commodities seem to be quite weak. So this is a good stock to get into, as the markets turn, we believe cement may again outperform on the upside.”

source: Moneycontrol

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