Buy Petronet LNG: Ashwani Gujral
"One can still buy Petronet LNG which has been moving sideways throughout this fall and if there is any pullback, it should move higher. So we buy Petronet LNG with a stop of about 160 target of 200."
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks to ET now on various stocks.
What is your call on Petronet LNG?
One can still buy Petronet LNG which has been moving sideways throughout this fall and if there is any pullback, it should move higher. So we buy Petronet LNG with a stop of about 160 target of 200.
Do you think Petronet LNG is your No. 1 bet for the day?
I would think so... if market remains sideways but if you start getting short covering then a lot of your metal and IT stocks may start participation because wherever you have short positions, that is what will bounce harder. So Petronet will keep you safe but it may not go up as much if a short covering rally starts.
What is your call on Petronet LNG?
One can still buy Petronet LNG which has been moving sideways throughout this fall and if there is any pullback, it should move higher. So we buy Petronet LNG with a stop of about 160 target of 200.
Do you think Petronet LNG is your No. 1 bet for the day?
I would think so... if market remains sideways but if you start getting short covering then a lot of your metal and IT stocks may start participation because wherever you have short positions, that is what will bounce harder. So Petronet will keep you safe but it may not go up as much if a short covering rally starts.
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