Buy Thomas Cook, sell Strides Shasun; avoid Dr Reddy's: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Hindalco Industries is now fairly overextended, so that’s where you can sell with a stop loss of Rs 124, target of Rs 112. You can also a sell Strides Shasun, midcap pharma is coming under pressure, so it a sell with a stop loss of Rs 1,090 target of Rs 1,055. Travel stocks are doing very well, so Thomas Cook is a buy with a stop loss of Rs 198, target of Rs 214.""Dr Reddy's Labs has a nothing kind of chart, basically it is very range bound - Rs 2,800 to about Rs 3,100, so pharma is in a bit of a cloudy zone. So it’s probably best avoided unless you are a very, very long term investor. It is going to take time to gather momentum on the upside," he said."It is a sideway style market, so most stocks are just sideway. JSW Energy's 200-day moving average is about Rs 76, so as long as we hang to Rs 76 probably you should buy the dip and sooner or later we will get to the three figure zone, but overall it appears to be in an uptrend.""There was some amount of news flow and that has caused Thomas Cook to get past its 200-day moving average, so it’s coming off a large consolidation. So, now that it has got past Rs 200, chances are we see Rs 250-255 and basically it is a long term consumption type of story, so there is clear turnaround today. You can have stop loss say Rs 175-180 kind of zone," he added."Power stocks have kind of made some sort of run up, so on declines towards Rs 550 CESC is fairly a decent stock to hold. I think targets of Rs 690-700 are possible. On the downside, I think Rs 550 is a good support."