Buy JSW Steel on dips: Ashwani Gujral
:JSW Steel it was in an uptrend even before this deal happened and I think it is heading to the higher end of its range which is around 1350-1400 so all dips on JSW is definitely a buy."
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about Ispat Industries and JSW Steel.
How would you play both these stocks JSW Steel and Ispat?
Now Ispat if it falls today 20%, if promoters are changing then longer term something better may be expected. So this the kind f price decline for longer term investors may be a buy. For trading purposes I do not think it would be worthwhile trading Ispat today.
JSW Steel it was in an uptrend even before this deal happened and I think it is heading to the higher end of its range which is around 1350-1400 so all dips on JSW is definitely a buy for traders particularly CRP index has moved higher so today maybe a good day for metals. So any kind of decline in any of the large metal stocks can be bought.
How would you play both these stocks JSW Steel and Ispat?
Now Ispat if it falls today 20%, if promoters are changing then longer term something better may be expected. So this the kind f price decline for longer term investors may be a buy. For trading purposes I do not think it would be worthwhile trading Ispat today.
JSW Steel it was in an uptrend even before this deal happened and I think it is heading to the higher end of its range which is around 1350-1400 so all dips on JSW is definitely a buy for traders particularly CRP index has moved higher so today maybe a good day for metals. So any kind of decline in any of the large metal stocks can be bought.
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