Sell ICICI Bank, ACC, Apollo Tyres; buy DHFL, L&T Finance: Ashwani Gujral

Ashwani Gujral

Technical Analyst | ashwanigujral.com

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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "ICICI Bank is clearly breaking down below its 200-day moving average. Now State Bank of India (SBI) and ICICI Bank are both below Rs 200, so those are two strong stocks which determine the Bank Nifty and both breaking Rs 200 is not good news. ICICI Bank is a sell with a stop loss of Rs 288 and target of Rs 272."

"ACC is a sell with a stop loss of Rs 1,770 and target of Rs 1,700. Apollo Tyres is also a sell with a stop loss of Rs 262 and target of Rs 247."