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Oct 09, 2017 02:23 PM IST | Source: CNBC-TV18

Buy IndusInd Bank, PVR; Trident may test Rs 135: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy IndusInd Bank and PVR while he feels that Trident may test Rs 135.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "IndusInd Bank is a buy with a stop loss of Rs 1,690 and target of Rs 1,750.  PVR is also a buy with a stop loss of Rs 1,340 and target of Rs 1,385."

"SRF has broken through its 200-day moving average on the upside. So now we could possibly target Rs 1,780-1,800. However, it has not been in any sort of great uptrend. So, maybe this leads to a fresh uptrend, but overall I think still a very sideways type stock between Rs 1,400 and Rs 1,900."

"Panacea Biotech type of stocks keeps doing this off and on, but nothing really comes out of it. It has been in an uptrend today and is completing some kind of correction. So, Rs 280-300 is possible in this kind of momentum. So there seems to be some sort of an uptrend which has started and which is continuing."

"Trident is in an uptrend. So, Rs 92 is your stop loss  and maybe Rs 130-135 would be a good target to keep."

"Broker dealers are in some sort of a bull market. So, Edelweiss Financial is a good one. Rs 250 is your stop loss and if you really hold on, maybe in a couple of years it could double from here," he said.

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