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Buy Oriental Bank of Commerce , Capital First, HDFC Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy Oriental Bank of Commerce , Capital First and HDFC Bank.

March 29, 2017 / 14:58 IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Oriental Bank of Commerce (OBC) is a buy with a stop loss of Rs 140, target of Rs 152. Capital First is a buy with a stop loss of Rs 720, target of Rs 755. HDFC Bank has just started its rally. That is a buy with a stop loss of Rs 1,410, target of Rs 1,465."

"Just Dial is going through a correction. It is already trading above its 200-day moving average. So, for the moment, a correction but it should hold levels of Rs 510-515 to maintain its uptrend. I do not think it is a rupee sensitive, maybe in sympathy with the IT stocks, but as of right now, this is a correction which should probably end closer to Rs 510-520. It is in a correction, it needs to turn and give you that strong upside to let you know that correction is over because it has large moves. It moved up 200 points, a 50 points correction can happen."

"It looks like Bharti Infratel is creating some sort of a bottom although these stocks, telecom, generally sometimes can flatter to deceive. Rs 350 is that mark beyond which this entire downside ends and you start to say that Bharti Infratel is in some kind of uptrend. For the moment, it could be just a sharp powerful pull-back rally which may end around Rs 345-350 because overall the tone of these stocks is not very bullish," he said.

first published: Mar 29, 2017 02:51 pm

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