25 Aug, 2011, | By ET
Ashwani Gujral, Chief Market Strategist, ashwanigujral.com (Technical Check) in a chat with ET Now gives his views on various stocks.
ET Now: Do you think Coal India is a good classic stock to buy on every decline and the bull market is still on for the stock?
Ashwani Gujral: There are some policy headwinds on mining but anybody who owns real assets over the longer term will be a good buy. So, around 360-365 if one is able to tide over all of these bills and the policies, Coal India is a decent long-term holding for people and around levels of 360, it has fairly good support. For the moment while the market is coming down, it has been strong. Whenever the market turns, chances are that Coal India will get back to new highs. By that time, probably we will solve our mining issues. So, this blip should be used to get into Coal India.
Ashwani Gujral, Chief Market Strategist, ashwanigujral.com (Technical Check) in a chat with ET Now gives his views on various stocks.
ET Now: Do you think Coal India is a good classic stock to buy on every decline and the bull market is still on for the stock?
Ashwani Gujral: There are some policy headwinds on mining but anybody who owns real assets over the longer term will be a good buy. So, around 360-365 if one is able to tide over all of these bills and the policies, Coal India is a decent long-term holding for people and around levels of 360, it has fairly good support. For the moment while the market is coming down, it has been strong. Whenever the market turns, chances are that Coal India will get back to new highs. By that time, probably we will solve our mining issues. So, this blip should be used to get into Coal India.
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