Ashwani Gujral of ashwanigujral.com recommends buying Sun Pharmaceutical Industries for long term and feels that Sobha may test Rs 450 while Coal India may hit Rs 400.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Since we are talking of a bit medium term, I think the way real estate has broken out as a sector and Sobha as a stock, I think over the next few weeks it could move towards levels of Rs 450."
"Similarly, Sun Pharmaceutical Industries around Rs 680-700 has found consistent support. So, for longer term investors this is a good place to buy. Probably in a better news environment, you will see Rs 900 coming pretty soon," he said.
"Coal India is standing at the door of its 200-day moving average. So, chances are even that stock is kind of bottoming out given commodities are stabilising a bit. So, out there you could see levels of about Rs 400 in the weeks to come."The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jun 18, 2016 10:27 am