Buy DLF at around Rs 130-135, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "A lot of the rally is already done but maybe in the longer-term we are looking at a bigger move than we have seen earlier. So, in DLF, Rs 215-220 sort of zone is possible but you need to get into these stocks on correction. Maybe DLF around Rs 130-135 is a much better bet. So while it is a positive space, don’t get in after large rallies because the corrections also can be fairly decent. It does appear that these stocks are finally creating some sort of sustainable long-term bottom.""Infosys has found support around Rs 1,160-1,170, maybe a rally upto Rs 1,250 but overall I don’t think they are going to make for great investments. For the moment, they are going to stay subdued, range bound and probably domestic stocks will outperform. So, unless you are a very long-term player who wants to use this decline as an opportunity, I don’t think from a trading angle, they are very strong stocks," he said."Ashok Leyland is trading around its 200-day moving average (DMA), so there isn’t great value in downgrading it now. So maybe if we can bounce back from Rs 90-95, you would consider buying it but overall not today, not right now, maybe if it shows strength and moves back above levels of Rs 100 because often when these downgrades come, there are other institutions, which want to buy the stock also.""For Ashok Leyland, Rs 88-90 was a fairly strong level, so it is basically getting into very strong support. Don’t sell on the basis of downgrade but maybe not buy right now; Rs 120-140 is the kind of zone where things gets priced in for KPIT Technologies, probably wait for that, I don’t think I would like to enter the stock now," he said.