Unitech can drop to Rs 25: Ashwani Gujral
Unitech is not seeding much of a rally. So, keep a Rs 40 stop loss and we could see lower levels may be close to Rs 25.
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| In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his trading calls.
What are your calls on Reliance Infrastructure and Unitech?
Yesterday was a one off move and generally weak stocks tend to give you sharp bounce back. So, I would not mind taking fresh shorts here because even if the market does rally, their rallies are likely to stop much earlier than a lot of stronger stocks.
Reliance Infra with a stop loss of Rs 610, it is possible to go short. Actually, it started petering out yesterday by the end of the day.
Unitech again is not seeding much of a rally. So, keep a Rs 40 stop loss and we could see lower levels may be close to Rs 25.
What are your calls on Reliance Infrastructure and Unitech?
Yesterday was a one off move and generally weak stocks tend to give you sharp bounce back. So, I would not mind taking fresh shorts here because even if the market does rally, their rallies are likely to stop much earlier than a lot of stronger stocks.
Reliance Infra with a stop loss of Rs 610, it is possible to go short. Actually, it started petering out yesterday by the end of the day.
Unitech again is not seeding much of a rally. So, keep a Rs 40 stop loss and we could see lower levels may be close to Rs 25.
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