Sell Ambuja Cements, Hindustan Unilever; buy DHFL: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Several stocks look like they are getting into correction, so Ambuja Cements is a sell with a stop loss of Rs 240 and target of Rs 225, Hindustan Unilever (HUL) is a sell with a stop loss of Rs 890 and target of Rs 860. DHFL has crossed its 200 day moving average on the upside with strong momentum. So that is a buy with a stop loss of Rs 205 and target of Rs 220." "Infosys led this rally when it started, so chances are that in terms of a correction it should lead on the downside as well. The levels of Rs 1,130 -1,140 is the first vote of call and out there the first serious support should come in. These are stocks whenever they correct, 8-10 percent you tend to buy into them. However, IT Index overall in this rally hasn’t really participated, it is much more domestic rally, so the best way of laying this monsoon etc theme is domestic market and is not really to be in tech stocks," he said.