Avoid rate sensitive stocks; pick Sun Pharma, HUL, ITC: Ashwani Gujral

In an interview with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com shares his views about various stocks.

ET Now: What is your stock recommendation?

Ashwani Gujral: These stocks are outperforming but I do not think they are giving you anything in absolute terms. Overall it’s outperforming the market by not declining as much, so you can probably buy it with a stop of about 154. Maybe on a good day, you could get levels closer to 180. But I would much rather be in something like Sun Pharma, Hindustan Lever, ITC. I would try to avoid these rate sensitives and all these other stocks, which get impacted with news flow, so if you have to trade long, you would need to get defensive.