Sell Tata Chem, CESC, Hindalco; buy Escorts: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The bias is short for the day but just expecting intraday rallies. As far as the short calls are concerned, Tata Chemicals had a large rally, now is giving up ground, getting into a correction. That is a sell with a stoploss of Rs 540 and target of Rs 515."He further added, "CESC dropped fairly sharply. That is a sell with a stoploss of Rs 623 and target of Rs 600. Hindalco Industries is getting into a correction. That is a sell with a stoploss of Rs 155 and target of Rs 142.""Escorts remains a strong stock. That is a buy with a stoploss of Rs 378 and target of Rs 395. Orient Cement, some midcap cement still has some gas left, so this is a buy with a stoploss of Rs 200 and look for target of Rs 215," he added.