Buy Havells India; sell Tata Steel: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Havells Indiahas corrected. It has been in a strong uptrend. This is a buy with a stop loss of Rs 326, target of Rs 345. Jet Airways has been sideways while market has fallen. So, that is a buy with a stop loss of Rs 620, target of Rs 645." "Metals have started a real correction, so Tata Steel, now getting towards its 20-day moving average. It is a sell with a stop loss of Rs 340, target of Rs 318. However, around Rs 310-315 it is a buy for the next rally," he said. "HDFC Bank is the stronger stock. However, if you want a positional buy where downside is low from a 6-12 months' perspective, that is probably HDFC because it has exhausted its downside. Now, it is getting a few upgrades. That is the first sign that stock is ready for 150 point upmove. However, even HDFC Bank hardly corrected. This entire Bank Nifty correction is ICICI Bank, none of the other banks have substantially corrected. So, in case HDFC Bank comes down to Rs 1,080-1,085, I think it is a buy once more."