Top stocks trading ideas by Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "BEML had a very sharp rally from Rs 1400 right up to Rs 1900. If it is a small trade, one can probably buy with Rs 1750 type of stop loss. Maybe if there is good news, one can get Rs 2150-2200. However it is not really good for a positional trade because the 200-day moving average is at Rs 1350. So, for a positional trade your stop is 200-DMA. However for a trade it looks good, just consolidating and should have a fresh breakout at some point."

"You can hold Larsen & Toubro provided you keep a very modest type of expectation. So, next target here once we can consolidate above Rs 1190-1200 zone should probably be closer to Rs 1300-1350. So, just some sideways move and it is finally showing some momentum. So, around Rs 1350-1400 will be a good price to take some profit off. Infrastructure overall is not really picking up. So, L&T is having one of those moves which tend to happen from time to time. So, possibly Rs 1300-1350 is a nice target," he said.

"Problem with Ujjivan Financial Services is that every second day there is some new problem which happens. If I had a choice of all the NBFCs, MFIs are probably the last of the lot. I won’t mind even shifting to an L&T Finance Holdings from these levels. However if someone just wants to hold Ujjivan, keep Rs 330 type of stop loss and maybe if its rally resumes, you could get Rs 400 odd. However MFIs, most of the time flatter to deceive."

"Stocks should be like your employees. If your employee isn’t working – fire him. REC is the worst NBFC you can have – power plus PSU NBFC which doesn’t go anywhere. Again I would much rather get into a Bajaj Finance or an L&T Finance which are showing much better momentum."

"Dabur India is not outperforming but you can hold with a stop loss around Rs 300 and maybe expect targets closer to Rs 330-335. However the better FMCG stock is probably Hindustan Unilever. If you still want to be with consumers then the best consumer stock is Bajaj Finance. So, that is a good way of looking at consumers through these stocks. If you want more excitement out of a consumer stock probably look at those plays," he added.