Buy VIP Industries, Adani Ports, Indraprastha Gas: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "You can look at VIP Industries, it is a buy with a stop loss of Rs 120, target of Rs 134. Reliance Industries is looking fairly strong, so that also can be looked up. Adani Ports is a buy with a stop loss of Rs 214, target of Rs 229. Indraprastha Gas has completed a correction, that is a buy with a stop loss of Rs 610, target of Rs 645."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com"In NBCC, this move started around Rs 180 and the first 10-11 percent move was the time to get in. Now, from a short-term point of view, 40 percent in three days, it is kind of ready for consolidation, but in longer-term it has again gotten out of a consolidation and probably we will see Rs 315-320, but do not get in immediately. Wait for a bit of a correction," he said."Probably in short-term there is a bit of a breakout and you can trade for the next 8-10 percent, but I do not think from a positional point of view these are great stocks right now. So, if you get a 300-400 point Nifty correction, maybe these are stocks that you would look at again, but right now, this is a momentum market, whatever you buy has limited shelf life, these are not great risk reward levels from a positional perspective.""Metals, real estate, etc. have shown their hand that in all rallies which will come, they are likely to outperform. So, on dips, both these sectors seem to be buys," he added.