Ashwani Gujral of ashwanigujral.com said today, "It appears that there is some sort of a structural move that is happening earlier. It was just because crude prices are coming down, they are going up, but something of that sort. However, now that trend is becoming more and more stronger, one could call it that. In fact today we have Jet Airways as one of the calls. Interglobe Aviation is now hitting fresh highs. So, overall this sector seems to be poised for new highs. With this divestment, etc. I think more positive polices should be expected. So, chances are that aviation could be one of the leaders in the market given that crude happens to be in a structural decline now or at least a sideways move. So, one of the major trends in the last few years is probably getting taken out."
"In Axis Bank, this 2 percent higher open could show follow through. So, if you have to back something in the banks, it is probably Axis Bank," he added.
Further said, "PC Jeweller is a buy with a stop loss of Rs 490 and target of Rs 520. Havells India is a buy with a stop loss of Rs 460 and target of Rs 485. Escorts is a buy with a stop loss of Rs 660 and target of Rs 685."
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