Buy Britannia, Arvind, Bombay Burmah; Interglobe Aviation looks weak: Ashwani Gujral

Sep 15, 2017 02:07 PM IST | Source: CNBC-TV18

Ashwani Gujral of ashwanigujral.com

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, “Britannia Industries is a buy with a stop loss of Rs 4,350 and target of Rs 4,500. Arvind is a buy with a stop loss of Rs 410 and target of Rs 435. Bombay Burmah is a buy with a stop loss of Rs 1,100 and target of Rs 1,150.”

“Max Financial is a very typical type of stock; Rs 590 is the 200-day moving average and it keeps hanging out there. It is not able to cross Rs 630. So if you see the chart, it is basically flat between Rs 590 and Rs 630.”

“As far as Interglobe Aviation is concerned, the stock is actually come off. So, at lower levels maybe if it gets to somewhere in the zone of Rs 1,050-1,070, that is where you want to buy it. Right now it is looking weak. It looks like it can come off to below Rs 1,100,” he said.

“Mawana Sugars should not go below Rs 115, and if above that it turns around and starts to go up, one needs to add on. Add on declines, the stock went straight up from Rs 80 right up to Rs 140. These sort of vertical rallies are sometimes unsustainable. So, if it gets down to Rs 120 thereabouts, add more around those levels and then see if you can get a further rally.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

17 − 5 =