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Sell Raymond, Titan Company; buy Biocon: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can sell Raymond and Titan Company and can buy Biocon.

February 16, 2018 / 02:54 PM IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Raymond is a sell with a stop loss of Rs 950 and target of Rs 915. Titan Company is a sell with a stop loss of Rs 820 and target of Rs 795. Biocon is a buy with a stop loss of Rs 606 and target of Rs 625."

"Everything that went up becomes vulnerable. Century Textiles has broken its 200-day moving average. So it is in for a sharpish correction. Next support may be is around Rs 1,050-1,100. So even when there on rallies people can short."

"As far as Raymond is concerned, we saw very sharp rally in the last year and a lot of the chances will get given up. It bounced back once from the Rs 200, which was about Rs 860. I think a retest of Rs 860 at least should happen on Raymond," he added.

"Brigade Enterprises is a buy with a stop loss of Rs 284 and target of Rs 302. Tata Motors is a sell with a stop loss of Rs 375 and target of Rs 358. Indo Count Industries is a sell with a stop loss of Rs 102 and target of Rs 90."
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