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Mar 21, 2017 09:37 AM IST | Source: CNBC-TV18

Buy Reliance Capital, Escorts, RCF; sell Ashok Leyland, HPCL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy Reliance Capital, Escorts and RCF and sell Ashok Leyland and HPCL.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "On the buy side you have to be with stocks which are showing high momentum. Reliance Capital after that big move showed a red session and then possibly trying to show continuation yesterday. So, that is a buy with a stop loss of Rs 600 and target of Rs 635." 

"Escorts is a buy with a stop loss of Rs 515 and target of Rs 540. Rashtriya Chemicals and Fertilisers (RCF) is showing good upside traction. In fact all fertiliser is moving higher. This is a buy with a stop loss of Rs 64 and target of Rs 72," he said. 

"Ashok Leyland is kind of again failing above Rs 90, so that is a sell with a stop loss of Rs 92 and target of Rs 85." 

"HPCL after a long sideways type of move is showing signs of breakdown, so this is a sell with a stop loss of Rs 516 and target of Rs 490."
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