(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/indian-hotels-has-support-at-rs-30-31-gujral/)
Technical Analyst, Ashwani Gujral is of the view that Indian Hotels Company has sort of broken down but Rs 30-31 is a very strong support.
"Indian Hotels Company has sort of broken down but Rs 30-31 is a very strong support. It needs to get back above Rs 45 and then Rs 49 broadly above Rs 50 for upside traction."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.
Source : MoneyControl