Oct 18, 2016 09:35 AM IST | Source: CNBC-TV18

Sell Maruti, Amara Raja, RIL; buy Tata Steel: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can sell Maruti Suzuki, Amara Raja Batteries and Reliance Industries and buy Tata Steel.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Stocks that have rallied sharply are now coming down. So, Maruti Suzuki is a sell with a stop loss of Rs 5,650 and target of Rs 5,500. Amara Raja Batteries is also a sell with stop loss of Rs 1,035 and target of Rs 980."

"Reliance Industries showed weakness yesterday, so sell with a stop loss of Rs 1,075 and target of Rs 1,030," he said.

"In case the market sustains 8,550, Tata Steel is a buy with a stop loss of Rs 400 and target of Rs 425."

"Bajaj Finance is a buy with a stop loss of Rs 1,060 and target of Rs 1,120."

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.

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