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    HomeNewsBusinessBuy Canara Bank, Union Bank of India, Bank of India on dips: Ashwani Gujral

    Buy Canara Bank, Union Bank of India, Bank of India on dips: Ashwani Gujral

    Ashwani Gujral of ashwanigujral.com is of the view that one can buy Canara Bank, Union Bank of India and Bank of India on dips.

    May 18, 2017 / 11:42 IST

    Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Once the market turns around, I think cement should be one of the first sectors which bottoms out. So ACC, Ultratech Cement and India Cements, these are stocks you should buy. I think on a weekly basis, 9,400 is emerging as a fairly strong pivot. So, it is possible that this correction should not break 9,400."

    "Second rung PSU banks is where you should go, don’t go to the third rung. Second rung, I think Canara Bank, Union Bank of India and Bank of India (BoI) - if you get them on a gap down, that is a good place to start getting in because at some point once the correction is over I think even the PSU bank rally will resume," he added.

    first published: May 18, 2017 10:41 am

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