Sell Glenmark Pharma, Amara Raja, Bata India: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Glenmark Pharma is a sell with a stop loss of Rs 785, target of Rs 730. Amara Raja Batteries which had a mild rally post a big decline is a sell with a stop loss of Rs 875, target of Rs 835." "Bata India is a sell with a stop loss of Rs 542, target of Rs 520. Since the market is going to open higher, you need to wait for an intraday down swing before you take these calls. Not very intelligent to buy them at the open," he said."If sugar stocks do correct for 3-5 sessions, only then you should go ahead and buy them. I do not think buying them today is such a great idea, but overall they remain in an uptrend and chances are this uptrend will continue for a while."