Jan 13, 2017 11:49 AM IST | Source: CNBC-TV18

Buy UPL, Arvind; sell Ceat: Sandeep Wagle

According to Sandeep Wagle of powermywealth.com, one may buy UPL and Arvind and sell Ceat while Infosys may move to Rs 1,050-1,060.

Sandeep Wagle of powermywealth.com told CNBC-TV18, "I would go with a buy in UPL keeping a stop loss at Rs 687 for target of Rs 711. A buy in Arvind with a stop loss at Rs 365 for target of Rs 384. A sell in Ceat with a stop loss at Rs 1,200 for target of Rs 1,140."

"I have been bullish on Infosys and we have recommended a buy yesterday. I am a little disappointed with what has happened today. They expected the price of Infosys to be somewhere around Rs 1,050-1,060 which clearly has not happened. Inspite of that, my view has not changed. For traders the stop loss probably has been hit, but I still expect higher levels in the days to come," he said.

"In Infosys, I would talk of levels of Rs 1,050-1,060 and any moves towards probably Rs 960-950 would be a buying area."

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