Sell Maruti, HUL; buy PI Industries, JSW Steel: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Maruti Suzuki is a clear sell because it is over-owned and it didn’t need any bad news. So we can stop blaming the Budget, it was going down anyway. These are all triggers, so this is a sell with a stop loss of Rs 3,280, look for the targets of Rs 3,130.""Hindustan Unilever (HUL) suddenly sold off in the middle of the day probably something to do with the FII selling. So it is a sell with a stop loss of Rs 840, look for targets of Rs 810," he said."PI Industries almost fell vertically yesterday, maybe there is more upside, this is a buy with a stop loss of Rs 560, target of Rs 600.""JSW Steel is one of these strongest stocks in the market, even Maruti has fallen, even Infosys went through correction but this continues to move higher. So this is a buy with a stop loss of Rs 1,100, look for targets of Rs 1,165.""The reason for selling Canara Bank is that yesterday it wasn’t able to make any kind of headway even though a few public sector undertaking (PSU) banks did participate. So some of these banks like OBC, Canara Bank and Union Bank, they are not getting any kind of correction. So this is a sell with a stop of Rs 162 and look for targets of Rs 150.""Generally when on an event you get such a huge bar that bar high to low was probably 10 percent and very heavy volumes, sometimes an intermediate bottom, a panic bottom is formed. So I won't be surprised if ITC goes back towards Rs 350-320. So that way, possibly ITC made some sort of a short-term bottom yesterday. The trade for the day could be on ITC, so it has dipped about Rs 2 from the highs. So ITC is something that people should get into, it could have a real big day.""IDBI Bank has gone through fairly deep correction and given that has a few triggers and if the market is able to hold up, I think it could move up to even Rs 67-68 but the key point is how does the market holds up at Rs 70-80 because individual stocks will not be able to participate given that it did fairly well yesterday as well. I think it is important to look at the market more than individual stocks."