Buy Firstsource Solutions, Future Lifestyle; sell Dish TV: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Firstsource Solutions is a buy with a stop loss of Rs 50 and target of Rs 62. Future Lifestyle is a buy with a stop loss of Rs 415 and target of Rs 440. Dish TV is a sell with a stop loss of Rs 75 and target of Rs 68."

"If you have reasonable expectations, this is the right time to get into Eicher Motors. Reasonable expectation means that from here you expect a 25-30 percent return, not a 10 times or 15 time return then you should be okay. I think for this year chances are autos will be a space which will be range bound."

"Chances are we are already getting to the lower end of the range. At some point we will move to the higher end of the range also. But the truck space looks a bit better, so may be Ashok Leyland, Bharat Forge, etc. could do well," he said.

"IGL is a buy with a stop loss of Rs 304 and target of Rs 324. HDFC Bank is a buy with a stop loss of Rs 1,870 and target of Rs 1,935. Torrent Pharma is a sell with a stop loss of Rs 1,340 and target of Rs 1,290."

"Shorts can also be taken on, particularly the ADAG stocks which are looking particularly weak."