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Apr 21, 2017 02:30 PM IST | Source: CNBC-TV18

Buy Motilal Oswal Financial Services, Reliance Industries, DLF: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying Motilal Oswal Financial Services, Reliance Industries and DLF.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Motilal Oswal Financial Services is a buy with a stop loss of Rs 820, target of Rs 855. Reliance Industries is a buy with a stop loss Rs 1,395, target of Rs 1,430."

"All these real estate stocks are now taking out that big red bar, which came in two-three days back, so DLF is a buy with a stop loss of Rs 172, target of Rs 184."

"Ashok Leyland has not violated that low and today’s 3-3.5 percent move shows that there is buying and probably short covering which has begun on that stock, so anybody who is interested in that stock probably the downside is now Rs 4 and upside could be closer to Rs 12-15."

"Larsen & Toubro started a large move from Rs 1,400 and now that is what is happening that a lot of stocks are going through small pullbacks and then are showing upside. L&T seems to be one of them. Today I will not say it is breaking out but definitely at some point, I would think it would do that and probably get above Rs 2,000. This is the kind of pattern it is showing, it has had its consolidation for two years now and now the stock looks like it is in accumulation."

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com

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