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Last Updated : Oct 10, 2017 12:57 PM IST | Source: CNBC-TV18

Buy Reliance Industries, Indraprastha Gas, HDFC Bank, Avanti Feeds: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Indraprastha Gas, HDFC Bank and Avanti Feeds.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Gas is doing very well today. So, Indraprastha Gas (IGL) is a buy with a stop loss of Rs 1,460 and target of Rs 1,520.  HDFC Bank is a buy with a stop loss of Rs 1,780 and target of Rs 1,840. Reliance Industries is a buy with a stop loss of Rs 837 and target of Rs 860."

"As crude has kind of come off, so, maybe aviation is that sort of a trade, but I don’t think Interglobe Aviation is really now outperforming. It has just hit its 200-day moving average at about Rs 1,050 and from there it is moving up. So, anybody who wants to buy, now keeps a stop loss below Rs 1,050 and maybe looks for targets closer to say about Rs 1,250. So basically it is a trading type of stock. I don’t think it is likely to make new highs," he said.

"Shriram Transport Finance is a very choppy stock. At best despite all news flow, Rs 950 to Rs 1,100 is the kind of range that it is in."

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"SRF is now a buy on dip type of stock because the 200-day moving average was crossed yesterday; that is about Rs 1,600-1,610. Since that was a large move, you could have two to three days of consolidation. However, looks like it will hit the higher end of its range which is closer to Rs 1,900-1,950," he said.

"May be one can add on Avanti Feeds. The idea should be to add on strongly, maybe get the average up to even Rs 1,500. I think at some point Rs 3,000-3,200 will happen. This is that kind of stock which you find once in your lifetime. So that way bull market stock and just keep a Rs 2,000 type stop and continue to carry."

"Vivimed is not a great stock; let us be clear on that. You want to enter into stocks which are leading this bull market. So today as we speak, the broker dealers are doing very well - Motilal Oswal Financial Services, JM Financial, etc. I would advise to move into a JM Financial. If one wants to stay here, then Rs 120 is the stop loss and maybe on a good day you may find Rs 165. However, I am not very positive here," he added.

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd

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First Published on Oct 10, 2017 12:57 pm
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