Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Power Finance Corporation (PFC) is a sell with a stop loss of Rs 126 and target of Rs 114. Tata Motors is a sell with a stop loss of Rs 441 and target of Rs 420. State Bank of India (SBI) is a sell with a stop loss of Rs 276 and target of Rs 262."
"IIFL Holdings is a buy with a stop of Rs 598 and target of Rs 620. Shipping Corporation of India (SCI) is a buy with a stop loss of Rs 80 and target of Rs 91."
"UltraTech Cement is coming off. So, basically around Rs 3,900-3,850 is a good place to get into it. Cement is in a bull market. Finally you will get Rs 4,400-4,500. So, on declines this is one of the stocks you should try to buy," he said.
"From a charting point of view, there seems to be more to go on the rally because both Grasim Industries and Aditya Birla Nuvo have not really corrected in this decline. So, I would think in Grasim probably Rs 1,400-1,450 is possible. Similar sort of return on AB Nuvo as well."
"It appears that today we are going to have a big range day. So, this is the time to act on the market because the big move is getting made in the first hour itself. You can go short in ICICI Bank. There was apparent good news which is getting sold into. So chances are that could move lower. Particularly the banks are looking fairly weak so just take hold of any of the banks, Canara Bank, ICICI Bank, Kotak Mahindra Bank, etc. and go short out there. Even Reliance Industries has given up, so, again out there the morning rally is getting sold into."
"UPL is a buy with a stop loss of Rs 828 and target of Rs 856. Amara Raja Batteries is a sell with a stop loss of Rs 840 and target of Rs 800."
"Interglobe Aviation is a sell with a stop loss of Rs 1,200 and target of Rs 1,150."
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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