Looking forward to a target of 700 for ENIL: Ashwani Gujral
The banks probably still need some consolidation. As far as ENIL is concerned, above 550, we are looking for targets closer to 700.
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In a chat with ET Now,Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his views on ENIL.
ET Now: What are the trading calls for the afternoon and a quick word on ENIL as well, the breakout that it has given right now?
AshwaniGujral: Market seems to be gaining some strength on the back of Reliance where 860 is the 200-week moving average and hence we should be ready for at least a 50-point bounce so the market looks stable with 8500 holding on.
The banks probably still need some consolidation. As far as is concerned, above 550, we are looking for targets closer to 700.
ET Now: What are the trading calls for the afternoon and a quick word on ENIL as well, the breakout that it has given right now?
AshwaniGujral: Market seems to be gaining some strength on the back of Reliance where 860 is the 200-week moving average and hence we should be ready for at least a 50-point bounce so the market looks stable with 8500 holding on.
The banks probably still need some consolidation. As far as is concerned, above 550, we are looking for targets closer to 700.
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