Buy Aurobindo Pharma, Reliance Capital, CESC; sell PC Jeweller: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Aurobindo Pharma is a buy with a stop loss of Rs 740 and target of Rs 775. Reliance Capital is a buy with a stop loss of Rs 790 and target of Rs 820. PC Jeweller continues its downside from last week. So, that is a sell with a stop loss of Rs 356 and target of Rs 338."

"Eicher Motors basically as you get into the auto numbers, generally most of these auto stocks tend to do well. So, in Eicher Motors I will possibly be long on because it is already at new highs while the market is still a bit off. So, I would think once we get past this Rs 32,400, there is a whole new leg on Eicher, possibly Rs 36,000-37,000 is coming in because the kind of buying it is finding at lower levels, probably the money which had moved to Bajaj Auto is coming back here and the leadership does not look like it is going to be substantially challenged," he said.

"CESC had a large move before that demerger, etc. took place. Now that demerger high was about Rs 1,000, once CESC gets past Rs 1,000, I think Rs 1,150 will easily happen. This is one of the stocks that people should buy anticipating that breakout to happen because it has consolidated for a long time," he added.