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Aug 10, 2017 11:33 AM IST | Source: CNBC-TV18

Sell Tata Motors DVR, LIC Housing Finance, CESC; Ashwani Gujral

Ashwani Gujral of recommends selling Tata Motors DVR, LIC Housing Finance and CESC and advises also selling Aurobindo Pharma on rally.

Ashwani Gujral of told CNBC-TV18, "There is a good chance that in Tata Motors this Rs 400-430 zone which has been holding on for a long time, that may get taken out because it is clear that things are no improving. So I would not be surprised if early morning that is broken. So if it is broken, then more selling should come in because a lot of people will now start becoming losers, a lot of people bought in this Rs 400-420 zone; Rs 430 is also the Brexit day low, so a lot of things are getting taken out. So a clear bear market is on Tata Motors."
"Tata Motors DVR is a sell with a stop loss of Rs 232 and target of Rs 218. LIC Housing Finance is a sell with a stop loss of Rs 670 and target of Rs 645. CESC is also a sell with a stop loss of Rs 952 and target of Rs 915.""I don’t like Aurobindo Pharma for the simple reason that the whole sector is in trouble. Now this is one hero which is trying to move up, we saw with Biocon also what happened. So, it is best avoidable because, you can’t say when even this one gets into trouble. However, I don’t think good results are really making all that much of a difference. So maybe even on rallies you can sell on Aurobindo Pharma," he added.

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