182 is a strong resistance level for Neyveli Lignite: Sanjeev Agarwal

Sanjeev Agarwal, Director, Dynamix Research and Capital Management in an interview with ET Now talks about Neyveli Lignite.

Coal India obviously a keeper but what about an entry point into Neyveli Lignite for that matter even Adani Enterprises or GMDC, would you recommend that a flavour of the kind of buying activities are seen in Coal India will be seen in some of these counters as well going forward?

See there will be always a positive rub off effect in a similar sector. The Coal India is doing so well I think the rub off effect will happen on the Neyveli and if Neyveli is able to break above 182 and hold above that we will see the 200-210 levels which is the main resistance.

Right now 182 seems to be a strong resistance so one needs to have a little guarded around that. Around 180 one should be little cautious and if it crosses 183, one can even go trading long at that counter.