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Coal India May Suffer Tomorrow: Rajat Bose

  • How about a Coal India because in a weak market today we are seeing that stock up about 3%, what is the near term view on Coal India?Near term view is about 317 to 323 on the upside that is the kind of target and provided it does not fall below 303. If it were to once again fall below 303 then it can test 297 to about 295 so it is showing relative strength in today's markets. My colleagues have also recommended earlier this stock as a buy for today but then would it really sustain, would it cross 313 also that is the big question needs to be answered because you have seen earlier say a Sesa Goa which was moving for the last couple of trading sessions but today it is showing weakness once again. So may be even Coal India would suffer tomorrow, may be today it is showing some strength.

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