Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Reliance Industries is correcting to its 50-day moving average. So, likely that correction is also over. Now, again these stocks need large money to move in and possibly global support, etc. but this definitely is a good time to get into a lot of these stocks like Hindustan Unilever (HUL), Reliance Industries, etc. which were in strong uptrends and have corrected in the last few days."
"As far as other stocks are concerned, Reliance Capital is a buy with a stop loss of Rs 798 and target of Rs 830. SREI Infrastructure is a buy with a stop loss of Rs 124 and target of Rs 136."
"Hindustan Unilever (HUL) is a buy with a stop loss of Rs 1,200 and target of Rs 1,320; it may not reach today. Thomas Cook is a buy with a stop loss of Rs 225 and target of Rs 242," he said.
"SRF is a buy with a stop loss of Rs 1,520 and target of Rs 1,565," he added.
"Indiabulls Real Estate is a buy with a stop loss of Rs 238 and target of Rs 260. BEML is a buy with a stop loss of Rs 1,830 and target of Rs 1,900. Motherson Sumi Systems is a buy with a stop loss of Rs 308 and target of Rs 325."
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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