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

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Technical Analyst Ashwani Gujral is bullish on Mundra Port , Jubilant Foodworks , Tata Spong , Hotel Leela and Sun TV . He advises investors to buy these stocks.

Here are the key levels to watch out for:

Buy Mundra Port with a target of Rs 778 per share and stop loss at Rs 690 per share.

This stock was hanging around Rs 400-450 for a bit and off late has started moving up and is almost Rs 700. This stock is trading above its 20 DMA even through market corrections, so this is another stock which is getting into a trend of its own. So on all declines it becomes a buy, so around Rs 690 we keep a stop and we could see levels of Rs 778.

Buy Jubilant Food with a target of Rs 318-370 per share and stop loss at Rs 270 per share.

The supply on the new listing gets taken out soon and the stock generally tends to keep rising. This stock moved sideways after that breakout from Rs 230-240 and again it is looking like it is headed higher. So targets of Rs 318 and over the medium term Rs 370 are possible, we could keep a stop of Rs 270.

Buy Tata Spong with a target of Rs 400 per share and stop loss at Rs 354 per share.

Metals are expected to do a bit better today, so Tata Sponge is a metal related play. We could buy this with a stop of about Rs 354 and a target of Rs 400 is possible.