Buy Reliance Industries, PC Jeweller; sell Reliance Capital: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "It is clear that resources are outperforming, so you have to be with that group. So Reliance Industries is probably leading this bull market. That is a buy with a stoploss of Rs 828 and target of Rs 860.”

He further added, “Reliance Capital on the other hand is plunging. So that is a sell with a stoploss of Rs 556 and target of Rs 540.”

“PC Jeweller is making a strong momentum move. So, that is a buy with a stoploss of Rs 368 and look for target of Rs 390. So you can have the buys in consumption and resources. That would probably give you much better returns than going with financials,” he said.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.