Avoid Pantaloon Retail: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about Pantaloon Retail.

Pantaloon Retail on the charts?

It is just moving around on news and whenever there is a bit of positive news it tends to shoot up and when there is negative news it tends to fall, broadly 180 to about 220. So the big move will happen post these zones, within these zones if the market is higher you find it going up. So as markets come down, you will find it correcting.

So, I do not think you need to trade this sort of a volatile stock when others Raymond, Bombay Dyeing, Century Textile are coming up with pretty solid basis those are much better stocks to get into if you have to play the textile retail type theme.