Exit RComm on all rallies: Ashwani Gujral
RComm 89-90 was a strong support earlier and once it has fallen below it, it is now basically underperforming.
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| Updated: What is the call on TTML and Reliance Communications?
Ashwani Gujral: TTML was nothing before 2G inquiry and even right now, it finds support around levels of 1450 and on a rally maybe can max go up to 18.50-19. So I do not think that is a stock worth playing into and Reliance Communications 89-90 was a strong support earlier and once it has fallen below it, it is now basically underperforming. It is possible it will go down to 70-72 levels before the next up move is seen. So Reliance Communications is definitely in a downtrend and people should try to exit on all rallies.
What is the call on ADAG Group stocks?
Ashwani Gujral: The people who have positions in these stocks need to learn the lesson to not go long in these stocks when there is a rally because any court can come out with any kind of judgement at any point and it becomes very difficult to time your trading according to these pronouncements. So clearly these stocks have fallen to 20% of their value for a reason. They are best avoidable.
Ashwani Gujral: TTML was nothing before 2G inquiry and even right now, it finds support around levels of 1450 and on a rally maybe can max go up to 18.50-19. So I do not think that is a stock worth playing into and Reliance Communications 89-90 was a strong support earlier and once it has fallen below it, it is now basically underperforming. It is possible it will go down to 70-72 levels before the next up move is seen. So Reliance Communications is definitely in a downtrend and people should try to exit on all rallies.
What is the call on ADAG Group stocks?
Ashwani Gujral: The people who have positions in these stocks need to learn the lesson to not go long in these stocks when there is a rally because any court can come out with any kind of judgement at any point and it becomes very difficult to time your trading according to these pronouncements. So clearly these stocks have fallen to 20% of their value for a reason. They are best avoidable.
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