Levels of 95 to 100 are possible on Praj Industries: Ashwani Gujral, Market Strategist
The market rally is moving from the sugar boys to the ethanol related plays like Praj Industries.
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about the sugar space and Praj Industries.
What is your view on the mid tier sugar stocks?
If you were into them fairly early, probably take some trading profits off. But it seems that now the rally is moving from the sugar boys to the ethanol related plays like Praj. So if I was in sugar, I could move my position from the sugar stocks to Praj and probably levels of 95 to 100 are possible on Praj Industries.
Sugar may consolidate somewhat out here, pause a bit before it continues its rally. So for that, I would look for the market to hold on to 6000.
What is your view on the mid tier sugar stocks?
If you were into them fairly early, probably take some trading profits off. But it seems that now the rally is moving from the sugar boys to the ethanol related plays like Praj. So if I was in sugar, I could move my position from the sugar stocks to Praj and probably levels of 95 to 100 are possible on Praj Industries.
Sugar may consolidate somewhat out here, pause a bit before it continues its rally. So for that, I would look for the market to hold on to 6000.
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