Wednesday, 29 October 2008

Expect more upside in RIL, ICICI Bank: Gujral

Technical Analyst, Ashwani Gujral is of the view that Reliance, ICICI Bank could have some more upside but it’s really a pullback rally before we start the downtrend.

Gujral told CNBC-TV18, "On Individual stocks, something like Reliance capital and everything will bounce back if the market comes back so probably some of the beaten down sectors, the metals the real estate, from the financials if something gets announced after this meeting, so broadly this is just a pullback rally and heavyweights like Reliance, ICICI Bank could have some more upside but its really a pullback rally before we start the downtrend."

Source: Moneycontrol

Posted by Harsh at 08:07

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