Buy Delta Corp, Cipla; sell India Cements: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Yes Bank has had four down days and it has been in a strong trend and the reason for which the downtrend happened is not so important. What you now do is just take the previous day’s high and keep a buy stop there; if tomorrow is again a down day, bring your buy stop down. However, this is the correction that people should buy into. Given the trend of Yes Bank, at some point it should make new highs again. So, you are getting a 20-25 percent correction in a stock which was in a strong uptrend. That definitely qualifies for a buy, maybe not today, but it is going to that point." "Delta Corp which has been in a strong downtrend is trying to move higher on a bad day, which is strength. This is a buy with a stop loss of Rs 152 and target of Rs 167. Cipla is also a buy with a stop loss of Rs 574 and target of Rs 590. India Cements remains a sell with a stop loss of Rs 146 and target of Rs 134," he added.