Oct 17, 2016 03:43 PM IST | Source: CNBC-TV18

Sell NCC, SRF; buy UPL: Ashwani Gujral

Ashwani Gujral of is of the view that one can sell NCC and SRF and buy UPL.

Ashwani Gujral of told CNBC-TV18, "NCC is a sell with a stop loss of Rs 84, target of Rs 72. SRF is also a sell with a stop loss of Rs 1,860, target of Rs 1,780. UPL is a buy with a stop loss of Rs 678, target of Rs 710."

"If you leave ICICI Bank out, HDFC Bank is also looking weak. Then you have PSU banks which are going down, Bank of Baroda (BoB) etc but today basically the hammer is coming down on the tyre stocks. That is why the bigger opportunities are there. But even other large banks like Kotak Mahindra Bank, etc are coming under pressure. Yes Bank has completed its pullback and is now beginning to decline. So just that ICICI Bank needs to move out of the way and chances are Bank Nifty could have a major fall tomorrow," he said.
Follow us on
Available On