Buy Sun TV; sell Bank of India, Vedanta: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "As far as individual stocks are concerned Vedanta is a sell with a stoploss of Rs 292, target of Rs 275.

"Bank of India is a sell with a stoploss of Rs 180, target of Rs 168. Sun TV is a buy with a stoploss of Rs 900, target of Rs 945."

"HDFC Bank at the best of times is not the greater short because it does not move that sharply. But I would think right from ICICI Bank all banks are shorting candidates because somewhere the market is now trying to price in a worsening inflation and rising crude etc. plus you have a subdued environment because of impending election results. Hence no big buying will come in. So, just a little bit of selling will take this down. HDFC Bank can be avoided, but ICICI Bank is looking weaker than HDFC bank right now," he said.