Buy HDFC Bank, Dredging Corp; sell Sun Pharma: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "HDFC Bank has reached key supports of about Rs 1,150. So, that is a buy with a stop loss of Rs 1,130 with a target of Rs 1,200.""Similarly, in Sun Pharma, maybe a longer term bottom is taking shape there. Biocon which is fairly overextended is a sell with a stop loss of Rs 726, target of Rs 700 and Dredging Corp is a buy with a stop loss of Rs 410, target of Rs 440," he said."For the day public sector undertaking (PSU) banks are doing extremely well. So, maybe Bank of Baroda (BoB), State Bank of India (SBI), Bank of India (BOI), Canara Bank, all of them can easily rally 10 percent, nothing would have changed. So, SBI definitely is trading above its 200 day moving average. You can club it with bullish stocks. The rest of these stocks are probably moving up on some expected news flow etc. I don't think other than a BoB or SBI you would need to look any further lower."