Buy Biocon; sell Bajaj Finance, Infosys: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "ITC is coming off and hence that is leading to the market coming off. For me the bigger worry is the way Infosys is coming off, the way Reliance Industries is unable to find support even at Rs 930-935. Large heavy weights like Sun Pharmaceutical Industries and ONGC, the moment the market turns down all of these stocks will start to move lower. So with this kind of a scenario you cannot have a sustained rally." Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com."For the moment, Biocon is a buy with stop loss of Rs 634, target of Rs 660. Bajaj Finance has started to come off the highs, so that is a sell with a stop loss of Rs 7,620 for target of Rs 7,480. Infosys is a sell with a stop loss of Rs 1,210 and look for targets of Rs 1,140," he said.