Downside of 105-110 levels possible for PFC: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com (Technical Check), shares his views on various stocks.

ET Now: What is your call on PFC?

Ashwani Gujral: Sometime back the news was that PFC is not doing so badly. Now the market has decided otherwise because banks have come down and relative valuation wise the finances have to come down. Chances are that the stock will get fairly close to a 100 before selling is done. So the outperformance that PFC had on the upside is over and now we need to prepare for downside of 105-110 for PFC which is possible.