Buy RIL, Reliance Defence, Raymond: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "This is a benefit of having a big stock in a strong uptrend that whenever the market tries to decline, it will probably step up to the plate. So, Reliance Industries should be a strong buy for the day with a stop loss of Rs 1,235 and target of Rs 1,275." "Reliance Defence is also a buy with a stop loss of Rs 58 and target of Rs 70." "Raymond is a buy with a stop loss of Rs 580 and target of Rs 610. It is breaking out of a very narrow range and is possibly headed towards Rs 650. Now, the other stocks are not really following through, so, maybe it is a stock specific move more than a sector move," he added.Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.