Buy HDFC Bank, Natco Pharma, Hindalco Industries, Axis Bank; sell TCS: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Natco Pharma is a buy with a stop loss of Rs 980 and target of Rs 1,045. Hindalco Industries is a buy with a stop loss of Rs 230 and target of Rs 246. TCS is a sell with a stop loss of Rs 2,620 and target of Rs 2,500."

"Get long on HDFC Bank with a stop loss say around Rs 1,800 and target of Rs 1,855. Axis Bank is a long with a stop loss of Rs 534 and target of Rs 552. Wockhardt is a buy with a stop loss of Rs 740 and target of Rs 765."

"I don’t think there is any great value in being long on Dr Reddy's Labs. Let it rally 10 percent and then maybe we will talk. It is still below 200-DMA and that is always a very dangerous time to enter stocks. Pharmaceutical is basically a start-stop type of sector, two or three stocks like maybe I would go long on a Natco Pharma, but other than that, I don’t think there is much here."

"I don’t think anything much is going to come out in Sintex Industries. So better to exit and since other stocks have also come off, try to get into some sort of a quality stock. I don’t think Sintex is going anywhere."