Buy HPCL, JSPL, State Bank of India, Chennai Petro, Idea Cellular, Tata Global: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "HPCL is doing well and that is a buy with stop loss of Rs 378 and target of Rs 400. JSPL has done extremely well and metal stocks overall are holding on, particularly steel. So that is a buy with a stop loss of Rs 265 and target of Rs 282. State Bank of India is a buy with a stop loss of Rs 312 and target of Rs 328."

"I would go with Chennai Petro, all the oil marketing stocks are doing well. So, that is a buy with a stop loss of Rs 410 and target of Rs 435. Because of Reliance Communications, telecom is coming back a bit. So, Idea Cellular is a buy with a stop loss of Rs 90 and target of Rs 102. Apparently other beverage stock are also moving up. So, Tata Global is a buy with a stop loss of Rs 300 and target of Rs 317."

"Aviation comes under pressure once crude gets a bit out of hang so that way all of these stocks have corrected. I think keep Rs 1,150 type of stop loss on Interglobe Aviation and maybe look for Rs 1,400. Tata Motors is a no-go, I mean other stocks like Maruti Suzuki and Eicher Motors have also corrected. So it is a good idea to enter those stocks now that they have corrected. Tata Motors is a huge underperformer and possibly likely to remain one," he said.