Buy Biocon; sell Adani Port: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Biocon has finally started running after many years of standing still, so I guess finally become a four digit stock. It should be remembered that it is right now in a momentum phase. It is not clearly a great buying opportunity because it is not near any of its moving averages. However, for the day there seems to be nice momentum, so this is a buy with a stoploss of Rs 710 look for targets of Rs 735.""Indiabulls Real Estate is a buy with a stoploss of Rs 95 target of Rs 103 and Adani Port is a sell with a stoploss of Rs 202 target of Rs 187," he added."It appears that every time the yen appreciates it is a good time to buy Maruti Suzuki. So, may be around Rs 3,954 if we can get that low that would be a good buying opportunity. Finally Maruti is headed much higher; possibly re-test of its previous highs," he said.