SREI Infra is moving sideways: Ashwani Gujral, Market Strategist
Once this sideways movement is over, you could see levels closer to 60-65 on SREI Infra.
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about SREI Infra or Suzlon.
What is your take on SREI Infra or Suzlon?
Suzlon remains in 45 to around 58 range. At lower levels, it tends to see buying. I do not know for what reason but SREI Infra is moving sideways after a decline. So once this sideways movement is over, you could see levels closer to 60-65 on SREI Infra. So if you are getting rallies on all of the stocks, it would do no harm to go ahead and try short trades on these stocks because I do not think these rallies will be sustainable at higher levels which may not be too much higher from here. You will see selling returning to these infra stocks.
What is your take on SREI Infra or Suzlon?
Suzlon remains in 45 to around 58 range. At lower levels, it tends to see buying. I do not know for what reason but SREI Infra is moving sideways after a decline. So once this sideways movement is over, you could see levels closer to 60-65 on SREI Infra. So if you are getting rallies on all of the stocks, it would do no harm to go ahead and try short trades on these stocks because I do not think these rallies will be sustainable at higher levels which may not be too much higher from here. You will see selling returning to these infra stocks.
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