Buy McLeod Russel, UPL; sell HDIL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Something like Bajaj Finance from Rs 8,000 has corrected down towards Rs 7,450. That is something people can look at.""YES Bank, IndusInd Bank and HDFC Bank are correcting. M&M Financial and SKS Microfinance have corrected. UPL has also corrected. So the same stocks that people wanted to buy, which were running away from them, most of them have come down to their 20 day moving averages (DMA). So this is a fairly decent opportunity to accumulate these stocks. Stay away from technology stocks because the story for the moment is more domestic. So stay with consumption and rate sensitives," he said."Tea and sugar seems to be doing well. So, McLeod Russel is a buy with a stop loss of Rs 185, target of Rs 200. UPL is a buy with a stop loss of Rs 570, target of Rs 600 and HDIL is a sell with a stop of Rs 97, target of Rs 85.""Tata Motors is likely to correct back towards Rs 425-430. ICICI Bank is correcting sharply but at lower levels maybe Rs 230-235, it is likely to find support. So this heavyweight is not doing as well today but there is another one Reliance Industries which is sort of holding this Rs 950-960 zone and maybe there could be upside in the next rally which corrected substantially from Rs 1,080 down towards Rs 920-930."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com