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Last Updated : Feb 25, 2016 11:50 AM IST | Source: CNBC-TV18

Buy ITC, HDFC: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying ITC and HDFC.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "ITC has turned positive so has HDFC. So, maybe everything reverts to the mean, so ITC is a buy with a stop loss of Rs 286 and target of Rs 298. HDFC is a buy with a stop loss of Rs 1,000 for target of Rs 1,060."

"Lupin which has consolidated quite well around Rs 1,750 kinds of zones is a buy with a stop loss of Rs 1,775 and target of Rs 1,840. The buy is just for the day. Although the longer term medium-term downtrend is continuous," he said.

"Coal India is a very risky trade to take because if something adverse comes in it will get in trouble. Overall just on its own it is quite range bound, fairly close to the support of Rs 285, basically between Rs 285 and 330. If you have to buy it, keep Rs 285 as stop loss and possibly trade the range. Overall I don’t think any of the railway hopefuls are going to do too much even post the Railway Budget."

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First Published on Feb 25, 2016 11:47 am
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