Buy Edelweiss Financial, Natco Pharma, DHFL; sell SRF: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Edelweiss Financial Services is a buy with a stop loss of Rs 132 and target of Rs 144. Natco Pharma is also a buy with a stop loss at Rs 795 and target of Rs 840.""DHFL is a buy with a stop loss of Rs 326 and target of Rs 344. SRF is a sell with a stop losss of Rs 1,570 and target of Rs 1,500," he said. "Engineers India (EIL) is also a sell with a stop loss of Rs 151 and target of Rs 140." "I am not so sure that Reliance Industries will break out today because given the strength of the move, it will be very strange that after one day of correction, it starts moving up. However, if it starts crossing that 10 percent move day high, then basically a lot of people will pile in and you can easily see may be Rs 1,320-1,350 in the days to come. We are looking for a continuation, but let us see if that happens today. Beyond that 10 percent day high, I think there should be a fairly strong buying that should come in," he added.Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.