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Apr 26, 2017 04:44 PM IST | Source: CNBC-TV18

M&M may test Rs 1400, Britannia Rs 3700, Ceat Rs 1600: Ashwani Gujral

Ashwani Gujral of is of the view that M&M may test Rs 1400, Britannia Industries Rs 3700 and Ceat Rs 1600.

Ashwani Gujral of told CNBC-TV18, "The Nifty closed at the all-time high and now we should expect, the next target here to be about 9450-9500. A lot will depend on how Axis Bank turns out. If that works out well, Nifty could even go higher."

"In terms of the Bank Nifty, we should be looking at 22800 to about 22900 as the next target."

"Mahindra and Mahindra looks like it is going to touch Rs 1400 fairly soon. Britannia Industries is also breaking out of some sort of consolidation, out there we should expect levels of Rs 3700," he said.

"The tyre space has been acting fairly well, so Ceat is a call out there and you can expect levels of Rs 1600."

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