Buy Sun Pharma at around Rs 820-850, JSW Steel: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "JSW Steel has done very well. Where the market hasn’t been able to rally I think this particular stock is probably heading towards Rs 1250-1300. So, there is one stock you want to buy on declines, it is JSW Steel. Probably it is crossing its intermediate high around Rs 1125. Once it does that you have a 200 point move. So, you can easily see Rs 1350-1400, obviously market has to be supportive, but it is a very strong stock." "Sun Pharma is in a correction. I don't think you can short the stock but clearly it is a buy between Rs 820-850. The point is that if everybody is getting the demons back that we are going to go to 6800 then people are likely to take money off wherever they are making money. So, it won't be surprising if Sun Pharma also comes down by say 30-40 points," he said."Clearly big stocks are falling. I don't think the market has too much support. I think over a period of time you should see Rs 920-930 back on Reliance Industries." Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.