Buy Bombay Dyeing: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now, gives his views on Bombay Dyeing.

On the charts Bombay Dyeing and any other stock that interest you?

Bombay Dyeing got into a narrow range after a decline and now its started moving higher. It is possible that Bombay Dyeing gets towards levels of 425-430. Above 5600 a lot of beta will come into the market, so all of these stocks which are kind of momentum favourites or high volume type stocks will make pretty significant 15%-20%-25% type gains as the market moves higher.