Buy PC Jeweller, Bata India; sell ICICI Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "It is not a great reaction to news for Idea Cellular, so, possibly the market is not very happy and basically our targets were Rs 125-130, Idea Cellular has kind of achieved that. I don’t think it is going to create great amounts of wealth, so, if you were in it from Rs 65-70 odd, it is the time to get out."

"Two themes are coming out, one is jewellery stocks and other is tyre stocks. So, that is where people should be looking at. PC Jeweller is a buy with a stop loss of Rs 424 and target of Rs 445.  Bata India is also a buy with a stop loss of Rs 530 and target of Rs 556," he said.

"All the large banks are in trouble, so, ICICI Bank is a sell with a stop loss of Rs 281 and target of Rs 265," he added.