Sell Reliance Naval, Eicher Motors; buy Prestige Estates: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Reliance Naval is a sell with a stop loss of Rs 59 and target of Rs 50. Eicher Motors is sell with a stop loss of Rs 29,000 and target of Rs 28,350. Prestige Estates is buy with a stop loss of Rs 335 and target of Rs 360."

"Coal India has held on to its 200-day moving average and so maybe can move towards Rs 280-300. However that is kind of one off type of play. I think the big issue would remain as to how financials react to all of this macro changing and that will determine what happens to our market," he said.

"Future Lifestyle is a buy with a stop loss of Rs 375 and target of Rs 403. Tata Steel is a buy with a stop loss of Rs 743 and target of Rs 770. Mahindra and Mahindra is a sell with a stop loss of Rs 760 and target of Rs 735."

"Commodity is going up in price, so all paper companies are going up. Orient Paper and Industries come back to Rs 72 if the cycle turns. So, keep Rs 130-135 type of stop loss and may you can expect Rs 200 but keep an eye on the commodity also."

"Avenue Supermarts has been sideways for a bit and now is emerging out of that sideways trend. So, my sense is you will get Rs 1,350-1,400 back at all time high and I won’t be surprised if it goes up even higher maybe Rs 1,750-1,800 over a number of years. So this is a good price to hold the stock and I think Rs 1,150 should work as a fairly decent stop loss," he added.