Buy South Indian Bk, Indiabulls Real Estate, United Spirits: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Small private sector banks are doing well. So, South Indian Bank is a buy with a stop loss of Rs 25 and target of Rs 31. Real Estate started coming back. Indiabulls Real Estate is a buy with a stop loss of Rs 163 and target of Rs 176."

"LIC Housing Finance is a buy with a stop loss of Rs 700 and target of Rs 735. Karnataka Bank is also a buy with a stop loss of Rs 165 and target of Rs 180."

"United Spirits is a buy with a stop loss of Rs 2,060 and target of Rs 2,200."

"Both BEML and United Spirits are having breakaway gaps. So, when this sort of situation happens, stocks tend to close at the high point of the day. So, both can be bought."

"Mahindra and Mahindra (M&M) has opened 3 percent higher, but a better entry would have been around Rs 1,300. I think I would still go with United Spirits and BEML."