Buy United Spirits, SREI Infra; sell Apollo Tyres, Ceat: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Oil marketing companies (OMCs) have done very well over the last few days. HPCL is not a buy right now but on corrections definitely you should buy. Balrampur Chini is an easier buy because it is just coming off of a correction and probably it is starting an upmove today. So that is something that you can buy. HPCL has already run up."

"United Spirits is a buy with a stop loss of Rs 2,560 target of Rs 2,700. SREI Infra is a buy with a stop loss of Rs 120, target of Rs 132 and Apollo Tyres is a sell with a stop loss of Rs 260, target of Rs 246."

"Bajaj Finance and Bajaj Finserv are coming off a bit from the highs and should attract buying. IndusInd Bank, which had a strong close yesterday can be bought."

"Tyres are not participating with that kind of gusto. So, maybe even Ceat can be sold. You can get Rs 1,550-1,570 here. So in this rally from yesterday, generally tyres is one of the first sectors to move. That hasn’t happened. So possibly there is more weakness to come here," he said.

"Yesterday, Godrej Consumer and Godrej Industries started to move up from the lows. So, definitely there is buying seen there. So this dip should be used by long-term investors to buy but the better stock is the new four digit entrant which is Avenue Supermarts - similar kind of space, so possibly retailers are doing much better than these consumer product stocks," he added.