Dec 02, 2016 11:15 AM IST | Source: CNBC-TV18

Sell Bharat Financial, Bajaj Finance; buy Coal India: Gujral

According to Ashwani Gujral of ashwanigujral.com, one can sell Bharat Financial Inclusion, Bajaj Finance and Tata Motors and buy Coal India.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "NBFCs are facing pressure, so Bharat Financial Inclusion is a sell with a stop loss of Rs 730, target of Rs 700. Bajaj Finance is also a sell with a stop loss of Rs 900, target of Rs 865. Coal India is a buy with a stop loss of Rs 306, target of Rs 324."

"Tata Motors is up about 1.5 percent. I won't go too much about this rally. The level of Rs 425-430 is a strong support on Tata Motors and that is why it is showing upside but I would think auto stocks - this upside could be temporary and finally they will also face selling but for the moment, any rallies towards Rs 445-450 should be used to sell into Tata Motors," he said.

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