Wait and watch for Bajaj Finserv: Ashwani Gujral

Ashwani Gujral, Fund Manager, Ashwanigujral.com, in a chat with ET Now, gives his stock call


What is your call on Crompton Greaves and Bajaj Finserv?

Bajaj Finserv is making some kind of a base between Rs 400 and Rs 450. Basically it broke down because Bajaj Auto started breaking down. It needs to get past levels of Rs 450 and then we could see those higher levels of Rs 500 to about Rs 515 coming back. Crompton again something that had a lot of short positions and now is recovering still not a buy till it crosses probably Rs 170 but on any kind of a decent pullback rally it can get to those Rs 160-170 type of levels from where really the second fall started happening. You will get these 20%-25% rallies on the stocks but it is difficult to say whether the trend has turned and now they need to be bought for the next bull market.