Thursday, 24 September 2009

Buy Paper Products, says Gujral

Buy Paper Products with a stoploss of about Rs 58, says Technical Analyst, Ashwani Gujral. It has target of Rs 71.

Gujral told CNBC-TV18, "Some of the paper stocks did quite well and this one also moved higher. One could buy with a stoploss of about Rs 58; target here is about Rs 71. Most of my calls are buy calls because as long as the market stays above 4,800 to about 4,825 it’s above every major moving average and it’s holding the trend line which started from 2,200. So the trend remains intact and on dips one should expect to buy.”

Source: Moneycontrol

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