Keep away from First Leasing: Ashwani Gujral
"So broadly, 75 and 110 are the kind of levels you would look at but the trend which was looking like an uptrend is beginning that has failed. So you should keep away from First Leasing. "
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about First Leasing.
What is the call on First Leasing?
First Leasing had some news flow few days back and after that it has been moving sideways. So broadly, 75 and 110 are the kind of levels you would look at but the trend which was looking like an uptrend is beginning has failed. So you should keep away from First Leasing.
The best stock in the financials is HDFC Bank. Above 2500, you could be looking at actually going up to 2800. This is the only financial which is very close to its all time high and once that is taken out, it will see lots of momentum.
What is the call on First Leasing?
First Leasing had some news flow few days back and after that it has been moving sideways. So broadly, 75 and 110 are the kind of levels you would look at but the trend which was looking like an uptrend is beginning has failed. So you should keep away from First Leasing.
The best stock in the financials is HDFC Bank. Above 2500, you could be looking at actually going up to 2800. This is the only financial which is very close to its all time high and once that is taken out, it will see lots of momentum.
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