Buy Capital First, Reliance Industries; sell UPL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Capital First is a buy with a stop loss of Rs 548 for target of Rs 570. Reliance Industries is also a buy with a stop loss of Rs 1,040 for target of Rs 1,075. UPL is a sell with a stop loss of Rs 672 for target of Rs 650.""One of the leadership groups that seems to be emerging is IT and along with that RIL because that is not really getting talked about, the stock has actually moved up 60 points in the last three-four sessions and probably has kept the market safe from falling a whole lot," he added.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.