Buy Dish TV, Mahindra and Mahindra: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Dish TV broke out 7-8 sessions of movement in just one session. So, probably there will be follow through and it is a buy with a stop loss of Rs 92, target of Rs 104.""Mahindra and Mahindra (M&M) for a long time was rangebound but ever since it has heard about the monsoon, it is showing quite a bit of upside. So, after a nice correction looks like it is going to head up today. So, this is a buy with a stop loss of Rs 1,330, look for targets of Rs 1,410," he said."HDFC has gone up now for about eight sessions, yesterday it was down. So I expect some sort of correction to come in and possibly around Rs 1,160-1,170 it would again qualify as a buy. It is overstretched in the near-term for a good risk reward trade.""The IT index, yesterday broke the 50-day moving average (DMA). The weakest stock in IT is probably HCL Technologies and is going to head lower probably closer to Rs 600-620.""Short Tata Motors probably till Rs 360 but I think it should hold its 200-day moving average (DMA), that is the sense I am getting. As far as Zee Entertainment is concerned, it is in a new territory. Any sort of decline from here should qualify as a buy. Over a period of time, you will see probably levels of Rs 500 coming on Zee. From here any decline towards Rs 430-435 should be used to buy.""I was planning to give Union Bank a sell with a stop loss of Rs 120, target of Rs 109. Even if it opens higher, that will give you a better chance or better price to get short at."