Crompton Greaves may witness a rally: CK Narayan, Growth Avenues Asset Advisors

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors, gives his trading idea


What is your trading idea for the day?

I am looking to bottom fish in something which has been falling for a while. That is Crompton Greaves at about Rs 95 levels. If there is an upside kicker from the budget or otherwise these fairly beaten down stocks might actually witness a rally which might prove to be pretty profitable since you are buying them cheap. Use a stop at about 4 to 5 points from entry and looking for a target at Rs 105.