Avoid DCB and GMDC: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about DCB and GMDC.

What would you do with some of the midcap movers from Friday, the likes of a DCB and GMDC as well?

Again you should not chase these stocks. DCB tends to come towards 40-45 every few months and that generally tends to be a good price. People who are already in it, probably have another 12 to 15 bucks rally up to 70-72 but that is dependent if the market remains at least steady. The other one GMDC again it has a tendency of coming down to 120-125, that has in the past worked out as a good price. It generally tends to not go beyond levels of 150. So anything that has had a sharp rally, although conventional wisdom would say that trend would continue but we have seen in midcaps small caps these sharp rallies tend to peter out and if you got into these stocks around 5400, you should take some money off because a lot of these rallies will peter out if the Nifty cannot make a further inroad towards 6000.