Tata Steel a momentum play, hold Bombay dyeing; NBCC likley to hit Rs 250: Gujral

Ashwani Gujral of the view that Tata Steel a momentum play and recommends holding Bombay dyeing while he feels that NBCC is likley to hit Rs 250.

Ashwani Gujral told CNBC-TV18, Tata Steel is now in some sort of a momentum move. Finally, they have got someone else to palm off the European operations. So, easily because of this you can get up to Rs 740-750.

NBCC is now push out of a range which has stayed for a while. It’s possibly next target here is Rs 245-250. Now you have a very clear stop loss. I think Rs 195-200 can be used as stop loss.

Vertical rallies happen because of some corporate action. No need to get in now into Bombay Dyeing but if you are in, just keep holding it and hold it till the rally lasts.

Kajaria Ceramics is a breaking out of a extended consolidation and one that will possibly lead to levels of Rs 1,000. It’s possible next level is Rs 840-850 that can happen on Kajaria.

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