Book some profits in JP Associates: Gujral
April 1st, 2009
Technical Analyst, Ashwani Gujral is of the view that one should book some profits in Jaiprakash Associates around Rs 90-95.
Gujral told CNBC-TV18, “JP Associates is getting to the higher end of the range Rs 90-95, so that is the area people need to take some money off and wait for lower levels closer to Rs 75-78 to get back into that stock. The market is in a short-term distribution kind of phase, so anything that is moving up is likely being distributed, so people need to book some profits here.”