Buy Bata India, HDFC may head to Rs 1320: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The important thing on HDFC is that it has exhausted downside, so no good or bad numbers, chances are it will get up to Rs 1,300-1,320 and that is probably the knight in shining armour for the market and probably will prevent it from going down.""Adani Ports started a fresh downtrend, anything that moves 10 percent odd, quite likely it will retest its previous lows if not break them," he said. "Call for the day is probably Bata India, it is a buy with a stop loss of Rs 568, target of Rs 590.""ITC is basically range bound. I do not think it is showing great amounts. It is a defensive probably, but other than that, I do not see it going up a whole lot. You can say Rs 300 on the downside and Rs 340 on the upside, that is how ITC should pan out."