Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Naval and Eicher Motors and can buy Prestige Estates.
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."