Moneycontrol
HomeNewsBusinessStocksShort ICICI Bank, Axis Bank, YES Bank: Ashwani Gujral
Trending Topics

Short ICICI Bank, Axis Bank, YES Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one may short ICICI Bank, Axis Bank and YES Bank.

May 13, 2016 / 11:23 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Weak stocks are likely to get hammered even further, so things like SRF, etc. which were weak earlier, they could have larger falls. Also, a stock like Coal India, ONGC, that is where you could build shorts. Plus on the Bank Nifty, clearly ICICI BankAxis Bank, even YES Bank because the news probably was in the price. So, all these private sector banks you can go short on."He further added, "Hindustan Unilever has not really rallied very hard. So, very difficult to give sells, but clearly shorting should happen, wherever the gains are there to be had. So, basically, NBFCs, some of the agriculture stocks which have run up, the rural financials, etc. they could come under pressure."

first published: May 13, 2016 11:23 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!