Buy GAIL India, BPCL, ONGC, enter IT stocks: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Good thing is that IT and oil is moving up, these are two heavy weight kind of spaces which can take up the slack even if Bank Nifty goes through a bit of a dip. So, today PSU oil is doing extremely well, so GAIL India is a buy with a stop loss of Rs 378, target of Rs 394. BPCL is a buy with a stop loss of Rs 938, target of Rs 960. ONGC is a buy with a stop loss of Rs 204 for target of Rs 218.""Bottoming out is a process and may be that process is beginning. We will need more evidence to say that but definitely Infosys and Tata Consultancy Services (TCS) are looking good for at least 8-10 percent style rally. This is a right time to get into IT stocks because they are just a kind of beginning a move," he said."Hindustan Unilever (HUL) has been in this Rs 800-900 zone, not finding it easy to break through, so probably Britannia Industries is a better FMCG name. You can even look at stocks like Marico, Bata India, many other stocks, even Asian Paints is doing much better than HUL. HUL is best ignored right now." "YES Bank and IndusInd Bank has given enough evidence where is the money moving. So, on all declines, both these stocks should be bought and people who keep betting on State bank of India (SBI) and ICICI Bank to come back, I think that is a terrible strategy because chances are they could remain under pressure while the banking money moves to these newer banks. So, the idea should be to buy outperformers and sell out of underperformers."