Ashwani Gujral's top five picks for today's trade

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Ashwani Gujral's top five picks for today's trade

Technical Analyst Ashwani Gujral is bullish on Gujarat State Petronet Limited (GSPL), United Phosphorus, Hero Honda, Punj Lloyd and Sobha Developers.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Buy sugar, shiping on decline: astrostocktips Sudarshan Sukhani's top 5 picks for today's trade Stocks in news: Spice Mobile, Ranbaxy, Wipro, ICICI Bank ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Guj State Petro See messages about Guj State Petro Guj State Petro BSE | NSE 29/05/12 Are Mutual Funds betting on Guj State Petro? Other Stocks in this news United Phosphorous | Hero Motocorp | Punj Lloyd | Sobha Developers | Firstsource Solutions | Zicom Security Systems | Hubtown | Indiabulls Real Estate | Axis Bank | ICICI Bank | Kotak Mahindra Bank |

Technical Analyst Ashwani Gujral is bullish on Gujarat State Petronet Limited (GSPL), United Phosphorus , Hero Honda , Punj Lloyd and Sobha Developers . He advises investors to buy these stocks.

Here are the key levels to watch out for:

Buy GSPL with a target of Rs 103 per share and stop loss at Rs 86 per share.

The gas stocks picked up last week. So one can buy GSPL with a stop of about Rs 86 and target here could be Rs 103. Now above this 5,050-5,100, all these double digit guys start to pick up some momentum. It is a good place to be.

Buy United Phosphorus with a target of Rs 185 per share and stop loss at Rs 156 per share.

Here the correction is ending and the stock is now able to move higher. So one should keep a stop of about Rs 156 and target here could be closer to Rs 185.

Buy Hero Honda with a target of Rs 2100 per share and stop loss at Rs 1810 per share.

This is a different kind of a play. This is a momentum play because it has made a new high. So you tend to back it for the momentum to continue to about Rs 2,100. We have got Rs 1,810 as a support. The interesting thing is that these two-wheeler guys have not increased prices. So Bajaj Auto and Hero Honda have started making fresh highs. This is a place to back for the week in autos.

Buy Punj Lloyd with a target of Rs 193/204 per share and stop loss at Rs 175 per share.

This is a kind of a value play even from a trading angle because all the bad news seems to be priced in and the stock is losing momentum on the downside. It is now beginning to show upside action that is a good low risk entry. We could buy this with a stop of about Rs 175 and target of Rs 193-204, although if any positive news comes up, you could easily see this coming at Rs 225 or Rs 230.

 Buy Sobha Developers with a target of Rs 294 per share and stop loss at Rs 268 per share.

Real estate stocks have halved from their July highs and now they are starting some sort of a sustainable pullback when everybody is negative on real estate. So for this week probably for a couple of weeks, real estate stocks could do well. We could buy Sobha Developers with a stop of Rs 268 and targets of Rs 294 quite shortly.