Buy GAIL India, Bajaj Finserv; sell SBI, Petronet may test Rs 260: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "GAIL India is a buy with a stop loss of Rs 390 and target of Rs 415. Bajaj Finserv is a buy with a stop loss of Rs 5,650 and target of Rs 5,800. State Bank of India (SBI) is a sell with a stop loss of Rs 276 and target of Rs 262."

Both Bajaj Finserv and Bajaj Finance move together, but for the moment I think Bajaj Finserv is the preferred one."

"GAIL is moving up from its 200-day moving average, definitely fairly strong pattern is here. I think we could get Rs 430-450 on the stock. Similarly, Petronet LNG, while IGL has outperformed, both Petronet and GAIL are kind of catching up. So, you could get Rs 255-260 in the days to come on Petronet," he said.

"SRF is basically a kind of a weak stock. You get these gap ups but nothing really comes out of it. Right now hardly up 1-1.5 percent. The Rs 1,600 zones, which is a 200-day moving average, we need to get past that for it to show follow through," he added.