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Mar 16, 2017 04:38 PM IST | Source: CNBC-TV18

Buy PC Jeweller, HDFC Bank; Reliance Capital may head to Rs 680: Ashwani Gujral

According to Ashwani Gujral of ashwanigujral.com, one can buy PC Jeweller and HDFC Bank.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "PC Jeweller has crossed its 200 day moving average. So, that is a buy with a stop loss of Rs 410 and target of Rs 445." 

"HDFC Bank is a buy with a stop loss of Rs 1,400 and target of Rs 1,465. Arvind is a buy with a stop loss of Rs 404 and target of Rs 421," he said. 

"Reliance Capital is headed back towards levels of Rs 600 which was a previous intermediate high. I think the way the stock has consolidated over the last few years, once we get past this Rs 600 zone, higher level should be ahead, possibly towards Rs 670-680. So, the kind of pattern it is showing, the range bound activity is now leading to upside breakout." 

"Penny stocks start running up once the market looks better because all kinds of players try to participate. So, for the moment, in Jenson and Nicholson, I would not be surprised if it goes up to even Rs 21-22." 

"Suzlon Energy has a similar kind of story, lots of promises, but nothing ever really comes out of these stocks. So, those who buy, need to have proper stops. For Suzlon, maybe Rs 17 is a good looking stop loss and in a good market Rs 23-25 is something that can be achieved."
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