Ashwani Gujral of ashwanigujral.com today said, "Yes Bank can show some follow through, it is now a trading buy. I don’t think after this sort of large rallies, there is great amount of value or great amount of risk reward left, but still I think you could get another 80-100 points on the upside before it gets into a consolidation."
Gujral further added, "Some of the momentum stocks, the likes of Jaiprakash Associates, GVK Power, GMR Infrastructure, they are in a strong momentum. So, anytime you get a down day, maybe couple of down days, that is a time to get into them till that trade fails. It is very difficult to say whether Jaiprakash can become Rs 40 or Rs 50, but as of today, all of these two digit stocks have their day in the Sun. For the moment, these are momentum buys which means that any two-three day type of consolidation or correction should have you buy them."
"HDFC is a buy with a stop of Rs 1,640 and target of Rs 1,700. V-Guard Industries is a buy with a stop of Rs 188 and target of Rs 202. IGL is a buy with a stop of Rs 1,140 and target of Rs 1,200," he added.
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