Buy UPL, Idea Cellular ; Infosys may hit Rs 1300: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "UPL continues to move higher, so it is a buy with a stop loss of Rs 506 for target of Rs 530. Idea Cellular has had a 4 percent gap-up start, so that could make progress during the day. It is a buy with a stop loss of Rs 116 for target of Rs 128.""In Infosys I would reiterate a buy post the opening tick, that a fresh leg of upside is probably beginning in the stock and maybe some amount of money may move from TCS to Infosys given its results. So, on this dip post opening, it should be bought with a stop loss around Rs 1,230, and look for targets of Rs 1,300," he said."TCS is a one-off event. It is not like a continuing business problem. Overall, the market is still holding on to 7,800, it is still a buy on dip market, do not get aggressive on the short side, because if Dow Futures recover even 50 percent of their lost ground, you will have a fairly sharp rally here," he added.