Buy Escorts, Mphasis: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "In United Spirits, I think shorts are trapped below Rs 3,500 and maybe even by end of the day it could recover Rs 100 on the upside. Keep a stop loss of Rs 3,500 and maybe you can even get Rs 3,650 because post the concall or even as it is going on the reaction isn’t getting adverse."

"So my sense is that there could be more upside on United Spirits. Even from a medium term point of view it has come off Rs 4,000. So, Rs 3,500 thereabouts is a decent price on United Spirits."

"Escorts is a buy with a stop loss of Rs 820 and target of Rs 845. Mphasis is a buy with a stop loss of Rs 830 and target of Rs 856," he added.

"Dr Reddy’s Laboratories is a buy with a stop loss of Rs 2,560 and target of Rs 2,700. Bajaj Auto is a buy with a stop loss of Rs 3,300 and target of Rs 3,420. Zee Entertainment is a buy with a stop loss of Rs 590 and target of Rs 615."