Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Jet Airways is a sell with a stop loss of Rs 530, target of Rs 510. Reliance Communications is a sell with a stop loss of Rs 34, target of Rs 28. IIFL Holdings is a buy with a stop loss of Rs 497, target of Rs 525."
"Granules India had a bad day even yesterday. Basically, it is about pharmaceuticals, most of these stocks are now coming off whether it is Biocon or Granules. Rs 137 thereabouts is the 50-day moving average. If we find support there, good. If now, we could get as low as Rs 120-125. But, clearly the way these stocks are coming off, I do not think there is great amount of buying opportunity here."
"Time Technoplast was consolidating and from there it has broken out. So, it is in a mark-up phase. When that happens, higher levels should be expected and I would think Rs 175-180 could be likely on Time Technoplast. It moved sideways for a long time and now, that the breakout has occurred at about Rs 100, it has some ways to go," he added.
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