Sell Ajanta Pharma, DHFL; buy HUL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Ajanta Pharma is a sell with a stop loss of Rs 1,890, target of Rs 1,850. Dewan Housing Finance Limited (DHFL) is a sell with a stop loss of Rs 298, target of Rs 283. Hindustan Unilever (HUL) is a buy with a stop loss of Rs 850, target of Rs 880." "The pharmaceutical stocks which had opened down are now making fresh lows. So, that means the 4 percent was not enough and incremental selling is now coming in even out there," he said."In a market that is trending down, good news is often used to sell. Fast moving consumer goods (FMCG) was really beaten up. So, chances are that this news flow could probably help create some sort of a bottom, so FMCG across the board can be bought. Risk reward is extremely favourable. For Larsen and Toubro (L&T), Rs 1,400 is very critical. This has been a multi-year support for L&T. In case that starts getting taken out, then there is probably incremental downside. But Rs 1,400 thereabouts, you should get strong support on the stock."