Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "At the beginning of the year I had spoken about one exporter I liked which was Motherson Sumi. Both the other sectors which are exporting are in the doldrums. So, I think this continues to move higher and making a fresh high while the market is kind of correcting shows extra buying that is happening here. This is a buy with a stop loss of Rs 418 and target of Rs 440."
"HDFC Bank is interesting, while other private banks are coming off, it is kind of moving sideways. That is often a sign of strength. So, this is a buy with a stop loss of Rs 1,540 and target of Rs 1,600."
"UPL, post that Brazil issue, made a low of Rs 740 and finally closed at Rs 790. So, that is a pretty large recovery that it had from the lows. So, this is a buy with a stop loss of Rs 780 and look for target of Rs 815," he said.
"BPCL is a sell with a stop loss of Rs 710 and target of Rs 680. These stocks have now become range bound. As crude is range bound, so are the stocks."
"United Spirits had a large 6 percent downside. So, chances we could again go back and retest the lows. This is a sell with a stop loss of Rs 1,945 and target of Rs 1,870."
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