Aban Offshore can reach 490-500 levels: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com (Technical Check), shares his views on various stocks.

ET Now: What is your call on Aban Offshore?

Ashwani Gujral: Yesterday was a down day for Aban Offshore. So, after a sharp rally a down day means a pause. If the stock can get past 450-451, we get positioned for levels of 490. A lot of these midcap stocks are now getting beyond their intermediate highs. In some cases even six-month highs.

Above 451 for Aban, it is literally a six-month high. This is a fairly positive development and we could get a move like Bombay Dyeing even on Aban where it can shoot up to 490-500.