Ashwani Gujral recommends to buy Adani Ports, Tata Elxsi and sell Tata Steel

Feb 13 2017 01:20 PM
Ashwani Gujral recommends to buy Adani Ports, Tata Elxsi and sell Tata Steel

Ashwani Gujral is a Technical Analyst, Author, Commentator, and Trainer, he observes not only Indian market but also United States' market. As per the latest reports, Ashwani recommends about to buy Adani Ports, Tata Elxsi and sell Tata Steel.

Reports say that Fund manager of ashwinigujral.com said, "Pharma stocks may not fall a whole lot but at best, you should expect choppy action because even the pharma index is not showing a whole lot of strength. So, you can get into probably Dr. Reddy's Laboratories or Cipla   but nothing very significant even out there."

Gujral, while talking about the fall in two-wheeler sales growth said, "Two-wheelers didn't fall even on Friday, Bajaj Auto, Eicher Motors   - all of them were higher. So, definitely, if the market is trending higher, auto is the stronger space, particularly two-wheelers. So, definitely get long on to them. The market is trying to move into the green, so chances are that autos could lead a comeback rally as the market moves higher."

Ashwani further added, "Adani Ports is a buy with a stop loss of Rs 268, the target of Rs 282. Tata Elxsi is also a buy with a stop loss of Rs 1,320, target of Rs 1,380. Metals are weak today, so Tata Steel   is a sell with a stop loss of Rs 412, the target of Rs 390."  

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