Buy Titan Company, BEML, V-Guard Industries; sell Jaiprakash Associates: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Biocon is an avoidable stock, very choppy. However, Titan Company I believe can get up to Rs 700-720. That is where buying can be done. Big call seems to be in the gas space. Gujarat Gas has opened about 5 percent higher. So chances are now all of these gas stocks are likely to do well. On the upside, again, L&T Finance Holdings or Capital First are likely to do well."

"BEML seems to be moving strongly on the upside. This is a buy with a stop loss of Rs 1,870 and target of Rs 1,910. V-Guard Industries is also a buy with a stop loss of Rs 197 and target of Rs 212. Jaiprakash Associates seems to be falling further. So, that is a sell with a stop loss of Rs 18 and target of Rs 15."

"Consumer stocks for the last couple of days have started moving, maybe it is festive season, etc. However, in Hindustan Unilever (HUL) you could expect Rs 1,300-1,320. Similarly, in Colgate Palmolive, Rs 1,250 or thereabout should come in. So, overall I think maybe it is defensive, maybe it is festive season, but definitely consumer and FMCG is doing much better than other sectors," he said.

"State Bank of India (SBI) is definitely trading below its 200-day moving average which is about Rs 280 and consistently making fresh lows. So there is clear distribution and strong hands are selling into the stock. In the next few months, we could get as low as maybe Rs 235-240 on SBI," he added.