Buy HDFC, IOC; DLF will test 200-DMA: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "HDFC is a buy with a stop loss of Rs 1,230, target of Rs 1,300. DLF is also a buy with a stop loss of Rs 124, target of Rs 136. Indian Oil Corporation is a buy with a stop loss of Rs 350, target of Rs 375.""The dip in DLF came from about Rs 130 back to Rs 122. What has happened is that it came and it paused at the 50-day moving average and from there, you had this fresh rally. That often means there is a clear reversal of trend and chances are we will at some point test the 200-DMA about Rs 136," he said."So, a lot of real estate is also coming out of the blues like Delta Corp in the morning, these are all the stocks which suffered because of demonetisation. So, that is where you are seeing bigger short covering coming in."