Buy JP Associates on declines: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com shares his views about JP Associates.

ET Now: What is the call on JP Associates?

Ashwani Gujral: JP Associates has had a fairly decent rally. It again broke out of previous intermediate highs, so chances are that whenever it has a dip it could go back to those 65-70 kind of zones and that would be a good entering point. So, out there we would look for some consolidation to happen but it seems that JP Associates has bottomed out. It has broken several key trend lines and on declines JP Associates should be bought.