Neutral on VIP: Ashwani Gujral
In the market you have low risk entries and you have high risk entries. If you will enter a stock which has already done 10% on Friday then it becomes a bit of a high risk entry.
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now, gives his views on VIP
For somebody who has not entered into a trade till now into a Jubilant or a VIP is it worth pondering a long call?
In the market you have low risk entries and you have high risk entries. If you will enter a stock which has already done 10% on Friday then it becomes a bit of a high risk entry. If you enter something after a correction then it is a low risk entry but the first thing is the stock should be worth entering, now where you want to enter it depends. If say you want to do a VIP enter 50% now and then kind of a space out your 50% over the next few days, if it corrects down buy some more so try to average it down, on every reaction try to buy it but chances are that if you keep a stop of about Rs 830-840 you will find higher prices in the future but even Jubilant when it corrects, it corrects fairly sharply. So those are opportunities to get into the stocks the first issue is identifying the right stocks then getting in like on gold, when it fell $150 that was the right point to get in.
For somebody who has not entered into a trade till now into a Jubilant or a VIP is it worth pondering a long call?
In the market you have low risk entries and you have high risk entries. If you will enter a stock which has already done 10% on Friday then it becomes a bit of a high risk entry. If you enter something after a correction then it is a low risk entry but the first thing is the stock should be worth entering, now where you want to enter it depends. If say you want to do a VIP enter 50% now and then kind of a space out your 50% over the next few days, if it corrects down buy some more so try to average it down, on every reaction try to buy it but chances are that if you keep a stop of about Rs 830-840 you will find higher prices in the future but even Jubilant when it corrects, it corrects fairly sharply. So those are opportunities to get into the stocks the first issue is identifying the right stocks then getting in like on gold, when it fell $150 that was the right point to get in.
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