Buy Escorts, Jubilant Life Sciences; sell Sun TV Network: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Last quarter Tata Motors made a low of about Rs 425-430. Now that low is in danger of breaking and if that happens you have a fresh set of decline almost a bear market on Tata Motors because that was a strong low. So, it is at fairly vulnerable point. That was the point where Brexit happened, so a lot of things coincide about Rs 425-430. Once we start closing below it, I think Tata Motors will break Rs 400."

"After a 40 percent move, Reliance Industries is now moving in a 100 point type of band. Rs 1,350 thereabouts is the previous low from where it bounced back. So, somewhere around these levels you should try to buy into Reliance. It could move sideways for a bit but I think overall the trend still remains up. If you want to keep a stop loss, keep it around Rs 1,300, from here 50 points risk and 100 points upside. That is the kind of risk reward you are playing for," he said.

"Escorts is a buy with a stop loss of Rs 570 and target of Rs 595. Jubilant Life Sciences is a buy with a stop loss of Rs 750 and target of Rs 785."

"Sun TV Network is a sell with a stop loss of Rs 870 and target of Rs 845."

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.