Moneycontrol
Mar 27, 2017 04:52 PM IST | Source: CNBC-TV18

Market consolidating, PSU banks showing strength; buy ITC for long-term: Experts

Stock specific, Ashwani Gujral says ITC is in a strong uptrend, so buy all declines. It could very well be one of the stocks that could lead this Nifty to 9100

The market currently is consolidating. It managed to and close above the lower range of 9020. So, chances are Nifty could open gap-up tomorrow and go to levels of 9200 says Ashwani Gujral of ashwanigujral.com.

Mitessh Thakkar miteshthacker.com too agrees that market is consolidating and so might move sideways for a few days but once things settle down, it will make a fresh move.

Stock specific, Gujral says ITC is in a strong uptrend, so buy all declines. It could very well be one of the stocks that could lead this Nifty to 9100.

ITC could go above levels of Rs 300 but buy it for long-term, says Gujral.

According to Gujral, one should also remain long on PSU banks because the banking index did not go into the negative territory on Monday, which shows strength for the index.

In the same interview SP Tulsian, Mayuresh Joshi of Angel Broking and market expert Sudip Bandopadhyay also shared their views on individual stocks.

For the entire discussion, watch video

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