Sell Aurobindo Pharma, Union Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Aurobindo Pharma has great sector tailwind. There was a time when midcap pharma stocks used to move up day on day. The stock after a huge bull market is now going through a deep correction, so this is a sell with a stop loss of Rs 640 and look for targets of Rs 600." "The green bars of day-before were wiped out in a lot of public sector undertaking (PSU) banking stocks particularly Punjab National Bank (PNB). So PNB is a sell with a stop loss of Rs 76 with a target of Rs 64. In Union Bank of India, a lot of the green bar that we had on Monday was wiped out, so this is a sell with a stop loss of Rs 117 and target of Rs 105. Since no big delivery based buying has happened in any of these stocks, so chances are that at higher levels it will be difficult for these stocks to sustain," he added."Lupin made massive bar on the day of the results - that bar has not been violated on the downside; in fact it corrected half of it. So this is still a buy with a stop loss around Rs 1,700. Look for targets of Rs 1,850 but this is not the stock that I am looking to play on." "There was big green bar on Monday, entire bar wiped out yesterday, so Siemens is a sell with a stop of Rs 1,010 and look for targets of Rs 960. "State Bank of India (SBI) and Axis Bank will have to be done like the Nifty on a gap up. Both these banks are sell calls and over a period of time they should move lower because by no stretch of imagination the bear market on banks is over." "Apollo Tyres has rallied a bit because of good results etc but the way it acted yesterday, basically cleaned out all the gains from day before and Rs 159-160 should not get crossed on the upside. We should slowly decline towards Rs 130-135." "Banks are having a bad day so possibly you could get short on some of the banks. Also FMCG is now coming under pressure, so both those area and something like Britannia Industries which has had a massive bull market, now that bull market is collapsing, so Britannia is a sell with a stop of Rs 2,620 with a target of Rs 2,500." "YES Bank which is one of the stronger private sector banks is under pressure, it's a sell with a stop loss of Rs 725 and look for targets of Rs 690.""Motherson Sumi Systems is one of those stocks which had a huge bull market. Basically below Rs 215 fresh leg of downside starts.""Jubilant Foodworks is having a sharp fall. It's a sell with a stop loss of Rs 970, target of Rs 900. Arvind is a sell with a stop loss of Rs 278 and target of Rs 264 and Motherson Sumi is a sell with a stop loss of Rs 218 and target of Rs 203."