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Mar 16, 2017 04:39 PM IST | Source: CNBC-TV18

Buy Reliance Capital, target Rs 595-600; prefer United Spirits: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Reliance Capital for target of Rs 595-600.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Today is a gap up, so everything moves up, but if I remember Reliance Capital corrected a bit yesterday, so probably making some sort of a hook and should get to previous intermediate highs of Rs 595-600. So, this is a buy for the day."

"United Spirits and Shriram Transport have had large rallies yesterday, so possibly a continuation. I would prefer United Spirits because which came off its 200-day moving average yesterday. So, maybe Rs 2,450 looks good. But entire NBFC space is moving up, so chances are even that should rally. That had a large correction, went below its 200-day moving average and now building up, I think slowly it should be headed higher," he said.
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