Buy Kiri Dyes, wait and watch for Nitin Fire: Ashwani Gujral
Kiri Dyes fell vertically and now it seems to be rising vertically, it could rise up to levels of 500 in case the market remains strong.
By 
|
| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about Kiri Dyes and Nitin Fire Protection.
Kiri Dyes and Nitin Fire Protection?
Kiri Dyes fell vertically and now it seems to be rising vertically, it could rise up to levels of 500 in case the market remains strong. Nitin Fire has been a sideways type of stock, so today’s move notwithstanding, you need more confirmation of strength on Nitin Fire, so I would tend to look for levels of at least 85-86 being sustained for a couple of days for the next target of may be 105 to come in but it is a very choppy, volatile type of stock, so one day may not be enough to predict higher levels.
Kiri Dyes and Nitin Fire Protection?
Kiri Dyes fell vertically and now it seems to be rising vertically, it could rise up to levels of 500 in case the market remains strong. Nitin Fire has been a sideways type of stock, so today’s move notwithstanding, you need more confirmation of strength on Nitin Fire, so I would tend to look for levels of at least 85-86 being sustained for a couple of days for the next target of may be 105 to come in but it is a very choppy, volatile type of stock, so one day may not be enough to predict higher levels.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
