Buy Hexaware Technologies, Lupin; sell Voltas: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Ceat is not a buy right now. While it remains in a strong uptrend, I think if it gets below Rs 1,650 thereabouts, that is a good buy zone. Yes, strong uptrend, but you can't buy right now."

"What is happening in IT is very interesting, it is up 2 percent in a weak global situation. Generally you expect IT to do poorly in a weak global situation. I think these are conspiracy theories, if Trump gets weakened, then maybe he does not move on H1B, etc. - market has its own logic. So, I am more optimistic on Tata Consultancy Services (TCS) than Ceat," he said.

"Hexaware Technologies is a buy with a stop loss of Rs 250 and target of Rs 265. Lupin is a buy with a stop loss of Rs 1,295 and target of Rs 1,340," he said.

"Voltas, you can try to sell with a stop loss of Rs 423 and target of Rs 400. I don’t think there is a great sector trigger there. However, yes, MRPL is moving higher; possibly you can get Rs 165-170."

"I think something is changing on IT and from a kind of avoid, you can say that is coming back into a buy zone. Pharmaceutical I had spoken of last week that it is possibly trying to make a bottom. I think both these external facing sectors, people who want value, etc. are good buys for those guys."