Buy Infosys, avoid Unitech and wait for Suzlon: Ashwani Gujral

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

What would you do with Unitech and Suzlon?

Unitech 45 is a resistance now. With all these news flow, I do not think this is a great stock to trade and because you will see fluctuation and each time there is somebody gets arrested, you will see this stock declining fairly sharply. So in a choppy market where results are coming out and you are getting blue chip stocks coming down 10%, I would rather buy Infosys which is down 15% from its highs than trying to bottom fish in Unitech. Suzlon on the other hand, now it is hitting the upper end of its range which is about 5860. If it can get out of this range, then probably a longer term bottom may have been created in Suzlon. So I would wait for it to cross 60, otherwise it is back in that range and Suzlon will probably tend to push the stock beyond that range. Otherwise, it is between 45 and 60, nothing has changed there.