See upside in Wockhardt: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Wockhardt clearly is showing good amount of upside traction. Inspite of bad news today, it is moving up; that is often a good sign. The 200-day moving average is Rs 1,400, so there is still lot of upside to happen and this is something that people can carry long positions in." "Similarly, in Jubilant Foodworks, 200 DMA is about Rs 1,500. So, it is looking positive; once we cross Rs 1,180 which is a 50-day moving average, I think more momentum will come back into the stock as well," he said."In a market which is in a strong uptrend, you don’t try to short, particularly on the news flow type of stocks. The problems are all known, now who gets arrested when, it is very difficult to play on that basis. So, maybe these controversial type stocks are best avoided."