Sell HDFC Bank, India Cements; buy GNFC: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "HDFC Bank on a daily timeframe has made head and shoulders pattern. It is fairly clear on the chart and once large stocks start doing this, some sort of distribution even in the larger stocks is visible now. It is a sell with a stop loss of Rs 1,240 and look for target of Rs 1,180.""India Cements is a sell with a stop loss of Rs 158 for target of Rs 145. Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) is a buy with a stop loss of Rs 278 for target of Rs 293," he said.