Buy Mundra Port and Thermax: Ashwani Gujral
Mundra Port it is a range, which is probably 125 on the downside and 160 on the upside.
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| In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about Mundra Port and Thermax.
On the charts if you have tracked a Mundra Port and a Thermax?
Mundra Port again it is a range, which is probably 125 on the downside and 160 on the upside. This is a nice, stable stock, unlikely to fall a whole lot, although Pipavav Shipyard, that seems to be a better port type of shipyard type stock. Thermax, capital goods is under pressure, so this was not an outperformer earlier. Chances are it will continue to underperform, generally speaking 550 has been a good price to get into Thermax and on the upside, 720 to about 750 that is where you take your profit.
On the charts if you have tracked a Mundra Port and a Thermax?
Mundra Port again it is a range, which is probably 125 on the downside and 160 on the upside. This is a nice, stable stock, unlikely to fall a whole lot, although Pipavav Shipyard, that seems to be a better port type of shipyard type stock. Thermax, capital goods is under pressure, so this was not an outperformer earlier. Chances are it will continue to underperform, generally speaking 550 has been a good price to get into Thermax and on the upside, 720 to about 750 that is where you take your profit.
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