Ashwani Gujral of ashwanigujral.com said, "I always like to buy stocks where there is a bit of bad news and the stock moves higher. So Ashok Leyland, which had apparently bad results, out there we could expect levels of Rs 120. This has been a good week for Ashok Leyland."
He further added, "IndusInd Bank consolidated for many days and then started breaking out this weak itself, out there we could see more action, so Rs 1800 can be expected there because chances are HDFC, Yes Bank, etc. now go sideways and other private sector banks takeover."
"Kotak Mahindra Bank did not participate in the last few days, today started moving up. Out there, we could easily see levels of Rs 1100 next week," he said.
Also Read:
BSE Sensex slides 190 pts on profit-booking today
Rupee fell by 11 paise against USD
Ashwani Gujral says Buy Voltas, Gruh Finance, IGL; sell Punjab National Bank, Delta Corp