Buy Ceat, Tata Motors DVR, Adani Ports, India Cements: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Auto ancillary and autos are doing extremely well, so you have to be positioned in that sector. Ceat has had its deep correction from Rs 1,200 down to Rs 800. This is a buy with a stop loss of Rs 940 for target of Rs 975." "In Tata Motors, the rally started with Brexit, continues with the results, so, Tata Motors DVR is a buy with a stop loss of Rs 345 and target of Rs 362," he said. "Adani Ports is kind of bottoming out. It had one big sharp move and then for three days it did nothing and then again a sharp move on Friday. Slowly it is pushing higher. So, Adani Ports is a buy with a stop loss of Rs 260 and look for targets of Rs 285." "Again it is a narrow range day on India Cements. Cement is in a very strong rally, so if anything must work on trend day which is likely in the market, it will be cement. So, India Cement is a buy with a stop loss of Rs 150 and target of Rs 162.""Biocon is a buy with a stop loss of Rs 890 and target of Rs 945. Again, extremely strong stock, just kind of started moving. So, I would not be surprised if Biocon doubles from Rs 600-650 type of zones from where this rally started."