Buy Idea Cellular, LIC Housing, Mercator, RIL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "In terms of Idea Cellular few people are getting scared with this 8 percent move, but I believe that given the kind of bear market has been through, there is a good chance that it closes at the highs of the session and is still a buy because the stock has just bottomed out. It is not a stock which has being going up for last couple of years. Even now that is a buy." "LIC Housing Finance is a buy with a stop loss of Rs 550 for target of Rs 585. The housing finance rally has already started. Mercator is also a buy with a stop loss of Rs 45 for target of Rs 53.""Reliance Industries (RIL) is now making progress on the bottom it had made around Rs 1,000-1,020. So, it is buy with a stop loss of Rs 1,020 for target of Rs 1,065," he said.

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.