Buy CIL, Tata Communications and Shriram Transport: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about market outlook.

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Coal India is now breaking out to fresh highs, 358 was a previous high. Once a stock starts breaking into fresh highs post a listing, generally it tends to do fairly well. That works much better in a good market but even in this kind of a market, Coal India should go past 400 levels, so we can buy this with a stop of about 345. First target could be closer to 390. Tata Communications has moved sideways. Today it showed some kind of momentum, so you can buy this with a stop of about 210, a target of 247. Shriram Transport Finance, it has its correction. Yesterday was a down day. Today it is again showing momentum, so we can buy this with a stop of about 735, a target of 820 and now the caveat here is these picks will work as well as the market. If the market sort of ambles around, these stocks will slowly may be lose their momentum as well.