Buy Jain Irrigation, Wockhardt, Reliance Ind: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Today is kind of monsoon driven day, so Jain Irrigation is a buy with a stop loss of Rs 60 for target of Rs 72. It has just about crossed its 200-day moving average. Wockhardt has broken out from a narrow range, so that is a buy with a stop loss of Rs 995 for target of Rs 1,040. Reliance Industries continues to move higher, it is a buy with a stop loss of Rs 1,040 for target of Rs 1,075." Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com"Hero MotoCorp has been in a uptrend for some time and chances are that we should cross previous highs of about Rs 3,220 -3,230, thereabouts. Similarly on Escorts possibly Rs 190-195 is there. Not only on Escorts on UPL and all of these monsoon related stocks. So if it is going to be as good as forecast then lot of rallies should be seen on agri based stocks," he said. "Coromandel International particularly looks good and we could see Rs 245 to 250. It has been down for a while, so lots of accumulation at lower levels. All of these stocks will run-up because once the market gets to 8,000 all of these midcaps and small caps will run-up. Most of the fertilisers stocks are in that category so even Gujarat State Fertilizers & Chemicals on days when largecaps kind of take a break I think if we have this sort of monsoon tailwind all of these fertiliser stock at least have 20-25 percent upside."