Buy Ceat, Tata Steel, Indraprastha Gas: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Ceat is a buy with a stop loss of Rs 1,480, target of Rs 1,550. Tata Steel is completing a correction, that is a buy with a stop loss of Rs 455, target of Rs 480. Indraprastha Gas (IGL) is a buy with a stop loss of Rs 1,065, target of Rs 1,100."

"United Spirits has a lot of problems, it does not have the right triggers. Price wise, Rs 1,750-1,800 has not been broken even in the worst time. So that way you can buy but I would much rather buy it the day it is up 7-10 percent because that day, I would know that probably some big hands or strong hands are buying and now I can expect higher prices. I would much rather buy stocks at new highs rather than ones at new lows," he said.