Buy Kotak Mahindra Bank, Cipla; sell SREI Infrastructure: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Kotak Mahindra Bank is a buy with a stop loss of Rs 1,000 and target of Rs 1,065. Cipla is a buy with a stop loss of Rs 590 and target of Rs 615. SREI Infrastructure is a sell with a stop loss of Rs 106 and target of Rs 94."

"Larsen & Toubro (L&T) cannot stand against a falling market. However, it is clear that it has been in some sort of an uptrend and maybe it should find support again around Rs 1,140-1,150 zones."

"Indo Count Industries is not the best pedigree or best kind of trend on this one, but clearly along with the market this is coming off. The level of Rs 95-100 is a support but what you should be looking for are stocks which have just come off their all-time highs instead of stocks which are already making lows of the last 52 weeks," he said.