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Buy Page Industries; sell HDIL, PFC: Ashwani Gujral

According to Ashwani Gujral of ashwanigujral.com, one can buy Page Industries and sell HDIL and Power Finance Corporation.

June 16, 2016 / 15:05 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "All kinds of consumption stories like Voltas, Mahindra & Mahindra Financial, SKS Microfinance, everything that was going up in the last rally, now they are correcting. Even Bajaj Finance, you accumulate in a crisis and you sell when people are feeling much better. So that should be the modus operandi that people should operate in instead of trying to go short while the market is coming down. If you accumulate at this point, and if you have a bit of a view, chances are you will be able to sell at much higher levels. The problem is retail in this country gets short when the markets are going down and when it is going up, they are scampering for cover. So, my advice is use the decline to buy.""For the day, we could close fairly close to the lows of the session. For the day, Page Industries is breaking out, so that is the only buy with a stop loss of Rs 13,650, target of Rs 14,150," he said."HDIL is a sell with a stop loss of Rs 98, target of Rs 90 and Power Finance Corporation (PFC) is a sell with a stop loss of Rs 165, target of Rs 152."

first published: Jun 16, 2016 01:04 pm

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