Sell Marico, NCC; buy Tata Steel: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Midcap pharma still remains weak, so out there you can continue with your short positions. Meanwhile Marico is a sell with a stop loss of Rs 245 for target of Rs 228. NCC is a sell with a stop loss of Rs 74 for target of Rs 62.""Tata Steel remains a buy with a stop loss of Rs 292 for target of Rs 310. People who do follow technicals, anything that has reached its 50 or 200-day moving average and is having a down day, those are best stocks to short," he said. "It appears that pharma is getting ready for deeper correction. So Glenmark Pharma, Wockhardt and Aurobindo Pharma, stocks that runs up quickly also comes down fairly quickly so these are fairly decent stocks to short from here because the entire space is looking quite weak."