Sell ONFC, PNB; buy Mahindra & Mahindra: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Oil and Natural Gas Corporation (ONGC) is a sell with a stop loss of Rs 285 and target of Rs 270. PSU banks look weak, so Punjab National Bank (PNB) is a sell with a stop loss of Rs 142 and target of Rs 128." "Mahindra and Mahindra (M&M) is a buy with a stop loss of Rs 1,340 and target of Rs 1,400. Uptrend continues because Sun TV started at Rs 340. So, it will require a large correction for that uptrend to end. However, maybe say around Rs 475-480 has a decent support. So, if you get it out there, that is a good place to buy into Sun TV," he said.