Buy Emami, Apollo Tyres, NTPC; sell Union Bank, Infosys: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Emami moved up inspite of bad results, so that is a buy with a stop loss of Rs 1,080 and target of Rs 1,140. Tyre stocks are doing well. So Apollo Tyres is a buy with a stop loss of Rs 272 and target of Rs 288. NTPC seems to be starting a fresh trend. That is a buy with a stop loss of Rs 167 and target of Rs 180."
"Union Bank of India is a sell with a stop loss of Rs 155 and target of Rs 140. Infosys is also a sell with a stop loss of Rs 1,010 and target of Rs 960."
"Bata India overall has been fairly range bound. So, if we can get past Rs 600, I think you could easily have levels of Rs 720. So, maybe on these earnings you would like to buy into Bata. It has been in some sort of accumulation.
So, maybe this sort of good news can help it move further. However, overall, Rs 600 has been a strong roof over its head; it needs to get past Rs 600 to move further," he added. Watch video for more...