Buy Unitech at Rs 22-25: Gujral

Technical Analyst, Ashwani Gujral is of the view that one can buy Unitech at Rs 22-25.

Gujral told CNBC-TV18, "Unitech is sort of doing a range between Rs 22-25 to about Rs 50. So each time it comes back to those Rs 22-25 levels you buy it. And when you get those large rallies, you tend to get out, but there is no redemption in the longer-term. It has to do a basing, which is done by most of the fancied groups of the last bull market. So, that is probably a sector you don’t get into other than for trading rallies from lower levels."