Sell Jubilant Food, IOC; buy Reliance Industries, HDFC Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Jubilant Foodworks is a sell with a stop loss of Rs 1,340 and target of Rs 1,285. Indian Oil Corporation (IOC) is also a sell with a stop loss of Rs 420 and target of Rs 400. Reliance Industries is a buy with a stop loss of Rs 840 and target of Rs 875."

"HDFC Bank is a buy with a stop loss of Rs 1,830 and target of Rs 1,865. Caplin Point out of all the pharmaceutical stocks I think is in an uptrend. This is a buy with a stop loss of Rs 678 and target of Rs 710," he said.

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