Levels of 210 to 215 on ITC look extremely likely: Ashwani Gujral
ITC should be headed to higher than levels of 200. So probably levels of 210 to 215 on ITC look extremely likely.
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| Updated: ET Now spoke to Ashwani Gujral, Chief Market Strategist, ashwanigujral.com on ITC, Cairn and Grasim.
What is the call on ITC, Cairn and Grasim?
ITC continues to look extremely strong and Nifty is probably headed towards 6200. ITC should be headed to higher than levels of 200. So probably levels of 210 to 215 on ITC look extremely likely. Cairn is a best proxy for crude and given these levels of 400-410 seem likely because 355 broadly corrected to about 300-310. So it could get there. On Grasim, above 2500 targets of 2800 seem possible. It is good news that some stocks have started hitting new highs which is a good domain for the market to do the same in the times to come.
What is the call on ITC, Cairn and Grasim?
ITC continues to look extremely strong and Nifty is probably headed towards 6200. ITC should be headed to higher than levels of 200. So probably levels of 210 to 215 on ITC look extremely likely. Cairn is a best proxy for crude and given these levels of 400-410 seem likely because 355 broadly corrected to about 300-310. So it could get there. On Grasim, above 2500 targets of 2800 seem possible. It is good news that some stocks have started hitting new highs which is a good domain for the market to do the same in the times to come.
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