Sell HCL Tech; buy Shree Renuka, Tata Steel: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "It appears that IT is coming under pressure particularly largecap IT. So, HCL Technologies is a sell with a stop loss of Rs 820 and look for target of Rs 785." "Sugar is going up as a theme. The first rally generally takes everybody higher. Only after a while you will start differentiating. So, I think sugar should continue; Shree Renuka Sugars is a buy with a stop loss of Rs 14 and look for target of Rs 18," he said. "Tata Steel even on a day like yesterday moved into the green several times. So that is a buy with a stop loss of Rs 295 and target of Rs 312," he added.