ADAG stocks trading range bound: Gujral

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ADAG stocks trading range bound: Gujral

Technical Analyst, Ashwani Gujral is of the view that ADAG stocks are trading range bound. These stocks are not in any kind of strong momentum.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Reliance Natura See messages about Reliance Natura Reliance Natura BSE | NSE 01/01/70 Are Mutual Funds betting on Reliance Natura? Other Stocks in this news Reliance Capital |

Technical Analyst, Ashwani Gujral is of the view that Anil Dhirubhai Ambani Group (ADAG)stocks are trading range bound. These stocks are not in any kind of strong momentum.

Gujral told CNBC-TV18, "ADAG stocks have been beaten down a lot so probably Reliance Natural Resources (RNRL) is now in this range of about Rs 60 to Rs 85. Reliance Capital on debts of it gets back to the lows that it saw recently around Rs 700-750, that becomes a buy. But there is no consistent trend; they are more or less range bound. At some level, you will get rumors of settlement coming once they go up higher, there are denials. So these stocks are not in any kind of strong momentum. They weren't earlier before the correction and they are not even now."