Buy HDFC, Asian Paints, Ajanta Pharma, Biocon, Britannia: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "HDFC and Asian Paints were strong yesterday and basically post a down day the day before. So in a weak market, stock which shows strength means that there was some stock specific buying. So HDFC is a buy with a stop of Rs 1,140 for target of Rs 1,175 and Asian Paints is a buy with a stop loss of Rs 875 for target of 940.""Midcap pharma is showing strength although a couple of them corrected yesterday. So, Ajanta Pharma is a buy with a stop loss of Rs 1,420 for target of Rs 1,480. Biocon has started a rally. It is a buy with a stop loss of Rs 480 for target of Rs 525," he said."Britannia Industries is a buy with a stop loss of Rs 2,800 for target of Rs 2,920.""Even while stocks correct, if they hold above their 20-daily moving averages (DMAs), that would qualify as building support and not breaking down. So that is something people should look at once they are giving up on a stock that is it breaking 20-DMA on the downside."