Today is not a good day to buy Saregama India: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about Saregama India.

Saregama India, have you taken a look at this one?

This is a bit of a nothing stock. For several months, it has been between levels of 55 and 85. Once we get past 85, maybe we can get up to 110-115 but I would like to see follow-through before going ahead and buying this.

Also today’s small-cap is up for some strange reason but that out-performance must continue for you to see follow-through on these stocks, so maybe today is not a good day to buy it. If it consolidates at higher levels around 85-90, maybe then you should try to buy it.