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Buy Hindalco, Vedanta, Tata Steel, DLF on dips: Ashwani Gujral

According to Ashwani Gujral of ashwanigujral.com, one can buy Hindalco Industries, Vedanta, Tata Steel and DLF on dips while he feels that Infosys may head to Rs 1060.

February 14, 2017 / 11:34 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "IT is moving up as a pullback rally. So, in Infosys, Rs 1,050-1,060 seems likely.""All sorts of metals are rallying on international metal exchanges. So, this year is going to be an even wilder ride for metals as more and more people buy into the metal story. Last year was the first move. So metals top out when profits are like 400 percent higher, etc. That time is still probably to come. So this is one of the strong spaces which is likely to move into fresh highs before the market does. All declines on Hindalco IndustriesVedanta, Tata Steel, etc should be bought into," he said."Bank of Baroda has broken down. Today could be a sideways type of day where it could gain Rs 1-2 but overall it is heading towards Rs 155-160.""Tech Mahindra went up because of that MSCI inclusion and overall again pullback rallies probably towards Rs 580-600 is possible. I think buying price was closer to Rs 400-420. Right now it is closer to the upper end of the range.""DLF's key zone was about Rs 140 and once we are above this Rs 140 zone, Rs 165-170 looks likely. It is trading above its 200-day moving average. So, on declines this is a buy," he added.

first published: Feb 14, 2017 11:34 am

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