Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Ceat is not a buy right now. While it remains in a strong uptrend, I think if it gets below Rs 1,650 thereabouts, that is a good buy zone. Yes, strong uptrend, but you can't buy right now."
"What is happening in IT is very interesting, it is up 2 percent in a weak global situation. Generally you expect IT to do poorly in a weak global situation. I think these are conspiracy theories, if Trump gets weakened, then maybe he does not move on H1B, etc. - market has its own logic. So, I am more optimistic on Tata Consultancy Services (TCS) than Ceat," he said.
"Hexaware Technologies is a buy with a stop loss of Rs 250 and target of Rs 265. Lupin is a buy with a stop loss of Rs 1,295 and target of Rs 1,340," he said.
"Voltas, you can try to sell with a stop loss of Rs 423 and target of Rs 400. I don’t think there is a great sector trigger there. However, yes, MRPL is moving higher; possibly you can get Rs 165-170."
"I think something is changing on IT and from a kind of avoid, you can say that is coming back into a buy zone. Pharmaceutical I had spoken of last week that it is possibly trying to make a bottom. I think both these external facing sectors, people who want value, etc. are good buys for those guys."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
