Buy Raymond, go short on Century: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks to ET Now on various stocks.

What is your call on Bombay Dyeing, Raymond and Century?

These are high beta type stocks and Raymond could easily get back towards levels of 300 although Raymond is not as weak as Bombay Dyeing or may be even Century. But you buy these stocks once the market is stabilised and buying is coming back into midcaps.

Right now it can easily fall 20% and probably nothing will change. So Century can go down as low as 220-230 once we take out the previous intermediate lows of about 270 but if you have to buy one of them I think probably Raymond is best of the three.

Do you believe any of these three charts which could lead down further?

Yes Century you could short with a stop of about 305 and as I said it could go down as low as 230-240.