Buy Indraprastha Gas, avoid aviation stocks: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Indraprastha Gas (IGL) remains in a fairly decent bull market. So I think all declines on this should be bought. Even in this correction it has not come off, but if you have to buy for a day trade, you possibly want it to cross Rs 1,290. Overall we are expecting target of Rs 1,400-1,450 to come in. I don’t think that is being damaged in the current correction."

"I don’t think much is coming out of Sintex Industries. It moves in Rs 30-36 type of band. So, I don’t think that is in a fairly strong uptrend."

"Among Interglobe Aviation and Jet Airways, Jet Airways is probably the weaker of the two. So, if I have to buy one of these, probably Interglobe Aviation cuts the ice. However, there are better stocks which are at new highs while the market is still some point off. Overall, I don’t think these are strong stocks right now, so, aviation can be ignored," he said.

"Ujjivan Financial has restarted its rally. So that is a buy with a stop loss of Rs 360 and target of Rs 382. Yes Bank is a buy with a stop loss of Rs 1,760 and target of Rs 1,810. Asian Paints is a buy with a stop loss of Rs 1,200 and target of Rs 1,245."

"Ramco Cement has corrected to its 200-day moving average around Rs 650; from there it is emerging. So, next target here could be Rs 750 and beyond that maybe even Rs 850-820. However, I think clear winners are these tyre stocks. So, Ceat also is looking extremely good. It has corrected quite a bit from Rs 1,950, so, now it is rebuilding that rally. We are getting a bit of a dip right now, so, this is the kind of dip that people should buy into for the indices also because today it looks there could be follow through once the rest of the world also starts reacting similarly."