Buy Glenmark Pharma: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about Glenmark Pharma and GMR Infra.

Glenmark Pharma and GMR infra on the charts?

GMR Infra the problem is that it has been ranging forever and no news tends to really make it come out of that range. Still sort of at a support but overall even in a bull market this stock did not go up so I am not too hopeful probably it still remains between levels of 40 and 50.

Glenmark is something that you can buy because the pharma space continues to look okay. Glenmark has not really declined so you can buy this with a stop of about 330 and may be you could find levels of 390. I do not know if the news is positive or negative. If it is negative if it declines then it becomes an even stronger buy.