Adani Power is looking positive: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com talks about Adani Power.

What is your call on Adani Power?

Adani Power is looking more positive because that has a higher beta, it got smashed up much more and when things start improving you will see much bigger rallies out there as well. So again a target of about 120 on Adani Power, wait for a bit of consolidation, see again the market is slackening a bit so once this kind of momentum starts flagging out you need to probably wait on a correction, buying breakouts is likely to fail this sort of a market.