Buy SPARC for Rs 110 target: Ashwani Gujral

In an interview with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his stock ideas.

What is the call on SPARC?

As the market goes above 6000, you begin to see these 20% rallies on several midcaps. For SPARC, Rs 107 to Rs 110 is a fairly strong resistance. So, that is your target No. 1. In case that is crossed, then you have probably blue skies Rs 145-150 for that. That could be possible but for this move, Rs 110 should be your target. If you get a move till there, probably take some profit off and see what happens beyond Rs 110.