Buy NIIT Tech; sell Indraprastha Gas, Divis Lab: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "NIIT Technologies has had a strong move post the decline. Chances are it has made some sort of an intermediate bottom. This is a buy with a stop loss of Rs 480, target of Rs 505. Indraprastha Gas (IGL) is a sell with a stop kiss of Rs 522, target of Rs 500 and Divis Lab is a sell with a stop loss of Rs 950, target of Rs 915.""ICICI Bank and HDFC Bank have opened gap down which means somebody has sold a large quantity early in the morning. So while there could be some stability and pullback will be more likely in the PSU banks, both these large banks are likely to remain under pressure and on any sort of rally, you can still go short on them," he said."GMR Infra is a penny stock and I don’t think you would get beyond Rs 13.50. In fact, at those levels people should exit. GMR Infra has been sideways between Rs 10 and Rs 14 forever. So I don’t think these moves are going to amount to too much in the long run."