Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Indraprastha Gas (IGL) is a buy with a stop loss of Rs 1,560 and target of Rs 1,620. L&T Finance Holdings is a buy with a stop loss of Rs 204 and target of Rs 218. Dish TV is a sell with a stop loss of Rs 72 and target of Rs 64."
"Reliance Industries and Bharti Airtel are both long term breakouts and that is why you don’t get almost any retracement. However, any time you have down days on these stocks, any kind of corrections on Bharti Airtel, maybe back to Rs 480 thereabouts, that would be a time to buy. It has run up from Rs 450 nonstop ,10 percent; often that is not a good place to buy but definitely both are supporting the market and chances are will go up even further."
"In real estate, there has been a good breakout on Sobha around Rs 450 thereabouts; that is looking good. Godrej Properties is breaking out; that is looking good. In Kolte Patil we could see further upside to Rs 260-265. So the entire midcap, non-F&O real estate is doing extremely well," he said.
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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