Buy Tata Chemicals, IGL; sell Axis Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Chemicals has bottomed out, that is a buy with a stop loss of Rs 490 for target of Rs 525. Axis Bank is a sell with a stop lossof Rs 462, target of Rs 440. Indraprastha Gas (IGL) is also a buy with a stop loss of Rs 825 for target of Rs 842." "Century Textiles and Industries is a stronger stock, but given that the entire market is kind of sideways, you shouldn't expect great things to happen immediately but these are good levels to buy into it. It is slowly crossing its 20-day moving average on the upside, so that gives you a bit of positivity. You could get Rs 950-975 once the market starts rallying," he said.