Enter Raymond on dips: Shardul Kulkarni

Enter Raymond on dips, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.

Kulkarni told CNBC-TV18, "GMR Infra is quite range bound - Rs 36 on the lower side and approximately Rs 43-44 on the higher side. Trading moves will be possible but I would say that personally I would avoid those trading bets because the overall chart does not go that well."

He further added, "Raymond on the other hand looks very good. I would expect the stock to move significantly higher, very strong volumes in today's trading session. Stock is already up 9%, so I think that on dips you can enter into this stock. Stoploss should be placed at Rs 335. I would expect this stock to move to around Rs 385 to Rs 390 in the next five to seven sessions."

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