Buy Hindustan Petroleum Corporation; sell Bharat Electronics, Tata Steel: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Oil marketing is doing extremely well, so Hindustan Petroleum Corporation (HPCL) is a buy with a stop loss of Rs 548, target of Rs 570. Bharat Electronics is a sell with a stop loss of Rs 174, target of Rs 162. Tata Steel is also a sell with a stop loss of Rs 473, target of Rs 450."

"Bharti Airtel is in an uptrend, so for the moment, this looks like a correction, it has recently crossed its 200-day moving average on the upside. The big weakness is in metals and IT," he said.