IFCI will face pretty stiff resistance: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his views on IFCI.

On the charts IFCI?

IFCI type stocks are basically cyclical and around levels of about 40-41. It will face pretty stiff resistance so around 20 if you got in these are good prices to book out because to expect it to become a multibagger, etc., you will need again that strategic sale type of news and that is ended badly every time that happened.