Sell Union Bank, LIC Housing; buy HPCL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Union Bank is a sell with a stop loss of Rs 120, target of Rs 109. All PSU banks started declining yesterday afternoon, so chances are that a fresh downmove is probably possible here.""LIC Housing Finance is unable to cross its 20-day moving average, so it kind of broke down yesterday. I don’t know whether that is the public sector undertaking (PSU) financial effect but this is a sell with a stop loss of Rs 460, target of Rs 435," he said."Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have been coming down but remain in consistent uptrends, now somewhat of a support is coming on HPCL. It is a buy with a stop loss of Rs 830, look for target of Rs 862."