Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Raymond is a sell with a stop loss of Rs 870 and target of 800. Balrampur Chini is also a sell with a stop loss of Rs 174 and target of 160. Delta Corp is a buy with a stop loss of Rs 199 and target of 212."
"Being under pressure today is not a big deal because everything is under pressure. However, Grasim Industries, overall remains in a strong up trend. You want to buy it on decline, so somewhere closer to say Rs 1,140-1,160 is decent zone to go long on Grasim," he added.
At 12:33 hrs Grasim Industries was quoting at Rs 1,215.25, down Rs 5.95, or 0.49 percent. It has touched an intraday high of Rs 1,230.60 and an intraday low of Rs 1,202.00.
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