Sell Motherson Sumi, PC Jeweller; buy EID Parry: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Maybe ITC will not fall a whole lot, but really, if a market is showing good downside momentum, it is important to play it on the downside. ITC has bottomed out. I do not think Rs 270 will get taken out and maybe post some consolidation, we could get back towards Rs 345-350. But for the day, the action is on the downside.""Motherson Sumi Systems is a sell with a stop loss of Rs 245 for a target of Rs 230. PC Jeweller is a sell with a stop loss of Rs 351 for target of Rs 330. EID Parry, the sugar stock seems to be on its own bull market, so that is a buy with a stop loss of Rs 204 for target of Rs 221," he said.