Buy Syndicate Bank, LIC Housing and Sesa Goa: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about Syndicate Bank, LIC Housing and Sesa Goa.

You have Syndicate Bank, LIC Housing and Sesa Goa on your radar?

Yeah, today with those bad inflation numbers, banking stocks did not really tank. When stocks stop tanking on bad news, that’s sometimes good for the stock and LIC Housing after those huge sell offs, it is now exhausted on the downside and we can buy this with a stop of about 925. A target of 970 is possible considering the fact that Bank Nifty is consolidating at current levels and can move higher. Also Syndicate Bank, it had a big move yesterday, today kind of positive sideways, this move can extend towards targets of 140. We can buy this with a stop of about 125 and finally Sesa Goa, on a day when metals are down, this one has found consistent support around 290-295 and is now slowly beginning to move higher, so this is a good time to get into this one, probably some catch up is needed in this stock, so you buy this with a stop of about 300, a target of 325 may be possible here.