Buy Adani Ports, Tata Elxsi; sell Tata Steel: Ashwani Gujral

Ashwani Gujral, Fund Manager at ashwanigujral.com told CNBC-TV18, "Pharma stocks may not fall a whole lot but at best, you should expect choppy action because even the pharma index is not showing a whole lot of strength. So, you can get into probably Dr Reddy's Laboratories or Cipla but nothing very significant even out there.""Two-wheelers didn't fall even on Friday, Bajaj Auto, Eicher Motors - all of them were higher. So, definitely if the market is trending higher, auto is the stronger space, particularly two-wheelers. So, definitely get long on to them. Market is trying to move into the green, so chances are that autos could lead a come back rally as the market moves higher," he said."Adani Ports is a buy with a stop loss of Rs 268, target of Rs 282. Tata Elxsi is also a buy with a stop loss of Rs 1,320, target of Rs 1,380. Metals are weak today, so Tata Steel is a sell with a stop loss of Rs 412, target of Rs 390."