Buy Pidilite, Oriental Bank; sell Union Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Pidilite Industries is a buy with a stop loss of Rs 720 and target of Rs 765. Oriental Bank of Commerce (OBC) is a sell with a stop loss of Rs 121 and target of Rs 110. Union Bank of India is a sell with a stop loss of Rs 123 and target of Rs 115.""All the public sector undertaking (PSU) banks are down 3.5-4 percent today, so in the recent rally, some sort of top has been placed at that point and probably some amount of correction is due in PSU banks," he said."Aurobindo Pharma looks a bit better because Lupin has a total bottoming out process that is happening. The stock went through a big correction instead of the kind of bear market. Sun Pharmaceutical Industries and Lupin went through but overall all pharma stocks are coming out of bad news and are now beginning to hear good news."