Buy Welspun Corp, Interglobe Aviation, Pidilite; sell, Fortis Health: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The market leading stocks are sideways, hence the market is sideways. After this sort of a range, most stocks tends to become sideways but still I think broadly positions should be intraday because till the market really starts to expand, very few stocks can maintain their own momentum. So, Welspun Corp is a buy with a stop loss of Rs 96 and target of Rs 108. Interglobe Aviation is a buy with a stop loss of Rs 1,230 and target of Rs 1,265."

"Pidilite Industries is a buy with a stop loss of Rs 820 and target of Rs 855. Central Bank of India is a sell with a stop loss of Rs 90 and target of Rs 82," he said.

"Possibly one stock which can continue its momentum on the downside is Fortis Healthcare. That is a sell with a stop loss of Rs 176 and target of Rs 162."

"The level of Rs 1,450 thereabouts is a strong resistance on Reliance Industries. My sense is that it should move sideways in this Rs 1,420-1,450 zone before it makes another surge on the upside. So overall still bullish but right now time for some consolidation before it has a next move and that will take it to Rs 1,650-1,700. Maybe that will need some amount of news also but I think Reliance should take a break now," he added.

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd