Ashwani Gujral of ashwanigujral.com told CNBC-TV18, " Torrent Power
is a buy with a stoploss of Rs 180, target of Rs 194. Tata Power
is a buy with a stoploss of Rs 76, target of Rs 88. And Jet Airways
is a buy with a stoploss of Rs 392, target of Rs 415."
He further added, "PSU and infrastructure both are up, so wherever you have both these things available like Power Grid
, maybe even Dredging Corporation
, all of these stocks are going up. So Power Grid above Rs 200 possibly starts a fresh move towards Rs 235-240."
"Ahead of the results, there is a lot of negativity in IT stocks. Unless IT comes out with even worst news, I would think post news there could be a bit of a relief rally that could happen. So if you must trade IT, buying into Calls would be useful because a lot of negativity seems to be priced in already. Maybe on decent results and decent news, we could have a rally all the way back up to Rs 1,050-1,100 in Infosys