Feb 17, 2017 01:52 PM IST | Source: CNBC-TV18

Buy HPCL; sell JSW Energy, Infosys: Ashwani Gujral

According to Ashwani Gujral of, one may buy Hindustan Petroleum Corporation.

Ashwani Gujral of told CNBC-TV18, "JSW Energy is a sell with a stoploss of Rs 64 and target of Rs 56. Infosys is a sell with a stoploss of Rs 1,010 and target of Rs 975. HPCL is a buy with a stoploss of Rs 538 and target of Rs 560."

He further added, "We have to understand that these stocks are in a very strong bull market and for a bull market to end, it will probably take some amount of distribution. They recently made new highs and then they are correcting. So, BPCL probably needs to break say Rs 600-610 before this entire move is over. So, for the moment, you will have some backing and filling and retesting and only then you will find out whether the stock has bottomed out. For the day, these stocks are showing strength and intraday probably are buys."

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