Sell ICICI Prudential Life, Adani Port; buy Colgate: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "ICICI Prudential Life Insurance Company is a sell with a stoploss of Rs 380 target of Rs 365. Adani Port is a sell with a stoploss of Rs 392, target of Rs 375 and Colgate Palmolive is a buy with a stoploss of Rs 1,080 target of Rs 1,140."

He further added, "Pidilite Industries generally tends to come off because of the some raw material issues based on crude etc. Those are times to accumulate more. One should add on and keep a stoploss of about Rs 800 and look for target of Rs 1,200 at some point."

"Good news is Godrej Industries has corrected from higher levels, so that way you are trading near the 200-day moving average, so that is a low risk zone. One can keep a stoploss around say Rs 550 and maybe initially look for target of about Rs 700."