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Sell Axis Bank, Tata Steel; buy Ceat: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can sell Axis Bank and Tata Steel and buy Ceat.

July 28, 2017 / 14:52 IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "I saw Interglobe Aviation  moving higher. Possibly a few stocks will even go higher, but you do not want to look for upside right now because the entire market is coming off of key levels. So, everything that breaks out today, CESC has broken out, tyre stocks have broken out, but sustainability of those rallies may be a question mark. Over a period of time, sure you could see probably Rs 1,500 on IndiGo as well."
"Axis Bank is a sell with a stop loss of Rs 521, target of Rs 500. Ceat is a buy with a stop loss of Rs 1,850, target of Rs 1,910. Tata Steel is a sell with a stop loss of Rs 565, target of Rs 540," he added.

first published: Jul 28, 2017 02:48 pm

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