Buy SREI Infra, Wipro, avoid Patni: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about SREI Infra, Wipro and Patni.

What about SREI Infra, Wipro and Patni?

I have stopped looking at Patni because it does not really have a trend and too much news flow is there. So these are stocks that I would not rather look at. The smaller infra stocks should move higher because now probably CBI has named the exact companies which are involved. So SREI Infra could head back up to levels of 140, now has good support around 107. Large cap tech probably is now done for the moment unless the results can show that something great is going to come out. The bigger catch up will happen with the midcap techs. Wipro there is now strong resistance around 500. It has returned from there a couple of times. So you need to be booking some profits if you got in around 390-400, it is probably time to take some profits off on large cap tech.