Buy Ambuja Cements, City Union Bank, SKS Micro: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Ambuja Cements has had a four-five day correction for last couple of days and from the lows we have seen buying. So I am kind of pre-empting given the strong trend, it should probably restart its rally today. This is a buy with a stop loss of Rs 218 for target of Rs 235.""The smallest stocks are doing better and will probably now start participating with gusto. City Union Bank has had a large rally and then some correction, yesterday it did fairly well. So this is a buy with a stop loss of Rs 92 for target of Rs 106," he said."SKS Microfinance is more kind of rural monsoon type of play. Since all the rest have been given all of yesterday, this one was left. So this is a buy with a stop loss of Rs 550, look for targets of Rs 575.""The fresh sector that has started moving post a correction is cement. Ambuja Cements and UltraTech Cement, all of these stocks are showing fresh moves. So anybody who wants to enter now and needs to get into a good risk reward, cement is showing you a good risk reward.""IT is doing a bit of a dip. So anybody who is interested in holding on to Infosys regardless of the results, it has already corrected quite a bit. So anybody who wants to buy in cash, buying is justified. The stock is down almost Rs 100 and IT hasn't done very well today. Maybe post Infosys' results, IT sector picks up. So the softness that we are seeing on IT can be used to buy into Infosys otherwise rest of the things are so far away from equilibrium that any small correction would look like a large dip."