Last Updated : Jan 16, 2018 01:32 PM IST | Source: CNBC-TV18

Buy HCL Tech, Sun TV; sell National Aluminium: Ashwani Gujral

Ashwani Gujral of is of the view that one may buy HCL Technologies and Sun TV Network.

CNBC TV18 @moneycontrolcom

Ashwani Gujral of told CNBC-TV18, "Tech seems to be doing extremely well and this sort of moves happen when something is changing fundamentally. HCL Technologies is a buy with a stoploss of Rs 940, target of Rs 975. Sun TV is a buy with a stoploss of Rs 1,080, target of Rs 1,140. National Aluminium is a sell with a stoploss of Rs 86, target of Rs 78."

"Unless Just Dial have started doing something other than their usual yellow pages it is tough to say what is happening there. There are much better other midcap IT stocks, Sonata, Tata Elxsi, Hexaware Technologies but if you just look at the chart and don’t think about anything else, it is about to crossing the Rs 620 zone where the previous rally ended."

"Now if this continues then it can easily go back towards Rs 900-950. But again things can be violate in this stocks, so for the moment if you have to buy keep Rs 620 stoploss and then see how far it goes," he added.
First Published on Jan 16, 2018 01:28 pm
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