Buy Coal India at 337; stop loss below 330, target 345: CK Narayan

CK Narayan, Growth Avenues Asset Advisors, in a chat with ET Now, gives his views on Coal India.

ET Now: What are your stock recommendations?

CK Narayan: I would go long on Coal India. It has dropped down into support, shown willingness to hold it and is trying to rally up today.

Whatever decision is taken on this FSA matter, it might actually be positive as is being indicated by the charts. So go long at the current level of 337, stops are fairly well defined, below 330 and I am looking for a target around 345 to 350.