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

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

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

Ashwani Gujral of 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

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