Unitech can touch Rs 100: Gujral

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Unitech can touch Rs 100: Gujral

Ashwani Gujral, Technical Analyst is of the view that Unitech can touch Rs 100.

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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 Unitech See messages about Unitech Unitech BSE | NSE 21/02/12 Are Mutual Funds betting on Unitech?

Ashwani Gujral , Technical Analyst is of the view that  Unitech can touch Rs 100.

Gujral told CNBC-TV18, "Real Estates are trying to form some kind of bottom. I think all the bad news is probably priced in and they are kind of getting ready for sort of a pullback move, which will be larger in nature than what we have seen currently. If DLF can take out Rs 325, we are looking at a kind of a pullback that leads it back to about Rs 370."

He further added, "Unitech is looking to form a pattern, which could take it back to Rs 100. So these stocks - a lot of negativity is priced in and now they are forming bases from where they could move potentially higher because in case the market takes out 5,300, these are the sectors, which need to do their catch up."