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Jan 12, 2017, 03.11 PM | Source: CNBC-TV18

Buy Tata Power, Jet Airways, Torrent Power: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one may buy Tata Power, Jet Airways and Torrent Power.

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Buy Tata Power, Jet Airways, Torrent Power: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one may buy Tata Power, Jet Airways and Torrent Power.

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Ashwani Gujral (more)

Technical Analyst, ashwanigujral.com | Capital Expertise: Equity - Technical

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 GridNTPC , 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 ."
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Buy Tata Power, Jet Airways, Torrent Power: Ashwani Gujral

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