Budget 2016: Sell Reliance Infra, Reliance Capital, Cummins India: Gujral

Ashwani Gujral - Fund manager at ashwanigujral.com told CNBC-TV18, "We are still seeing Infosys, Sun Pharmaceutical Industries, Maruti Suzuki, etc making lows of the day. So chances are that FII selling continues. As far as calls right now are concerned, Reliance Infrastructure can be sold with a stop loss of Rs 415 and target of Rs 390. Reliance Capital can be sold with a stop loss of Rs 330 and target of Rs 308 and Cummins India can be sold with a stop loss of Rs 830 and target of Rs 800.""Basically the strategy remains the same that in case it is a lukewarm normal Budget you should have a pullback rally and possibly public sector undertaking (PSU) banks are expecting certain things. So, you have to be invested in individual PSU banks. So, Bank of Baroda (BoB) can be bought with a stop loss of Rs 133, look for targets of Rs 147. BEML is finding support at lower levels. So, that is a buy with a stop loss of Rs 965, target of Rs 1,010.""ONGC is a sell with a stop loss of Rs 207 for target of Rs 192.""Aurobindo Pharma is having a second good day, it is a buy with Rs 658 for target of Rs 682.""Pharma in general is doing well, so maybe even Jubilant Life can be looked at with a stop loss around Rs 300 for a target of Rs 325."