Buy PVR, Indiabull Real Estate, Ashok Leyland, RCF, Shipping Corporation: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "PVR is a buy with a stop loss of Rs 1,400 for target of Rs 1,465. Indiabull Real Estate is a buy with a stop loss of Rs 230 and target of Rs 252. Ashok Leyland is a buy with a stop loss of Rs 122 and target of Rs 134."

As far as individual stocks are concerned there is something going on in the PSU space, the way these guys are moving it looks like divestment is on the way and divestment plus strategic sale as they call it. So, MMTC has restarted the rally that is a buy with a stop of Rs 76 target of Rs 88.

"Shipping Corporation is a buy with a stop loss of Rs 102 and target of Rs 114. RCF is a buy with a stop loss of Rs 94 for target of Rs 106. Titan Company is likely to get into some amount of consolidation, make a higher base before it can move further."

"I won’t say it is quite in the same category of United Spirits because that was breaking out from a monthly type of move. This seems to be kind of a conclusion of the move rather than beginning of a move. If you are holding it from lower levels no reason to sell but my sense is that you will have now consolidation rather than more follow through."