Buy AP Paper for a long term: Ashwani Gujral
In the longer run AP Paper now is an uptrend and clearly the next level on this one could be closer to may be 550 to about 600.
By 
| Updated:
| Updated: ET Now spoke to Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, about AP Paper.
A word on AP Paper right now, is this a right time to start booking profits?
The news seems to be pretty well priced and today is the first day. It is kind of declining but to say that the entire rally is over may not be right but if you will go for the short term gains, the short term gain is most likely over. In the longer run AP Paper now is an uptrend and clearly the next level on this one could be closer to may be 550 to about 600 but for the moment the news based uptrend may be over.
A word on AP Paper right now, is this a right time to start booking profits?
The news seems to be pretty well priced and today is the first day. It is kind of declining but to say that the entire rally is over may not be right but if you will go for the short term gains, the short term gain is most likely over. In the longer run AP Paper now is an uptrend and clearly the next level on this one could be closer to may be 550 to about 600 but for the moment the news based uptrend may be over.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
