Buy Gujarat Industries, Kotak Bank; sell HDIL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Gujarat Industries Power is a buy with a stop loss of Rs 90, target of Rs 104. Kotak Mahindra Bank is a buy with a stop loss of Rs 765, target of Rs 790. HDIL is a sell with a stop loss of Rs 106, target of Rs 94.""One day’s worth of correction may not be a good time. If you get a decent correction, 3-5 bar type correction, maybe a 10 percent odd correction, that maybe a good time to buy into these stocks because the way they have run up, particularly non-banking finance companies (NBFC), corrections could also be fairly sharp. So, now it is probably avoidable trying to get into any of these high flying stocks."