The stop loss for Nifty has now moved to 8,195 from 7,950 level; chances are that only few people are now trapped with shorts, says Gujral.

Gujral believes that Nifty may not touch 9,000 mark in a hurry. He is of view that the market will turn rangebound. He sees Nifty between 8...

I would rather get into a Cipla, which is now making fresh highs for the day and is coming out of a really serious correction.

"There are chances that we will finally head down that is clearly indicated by the momentum and market breadth."

The odds are that 5150-5200 will take some breaking, says Ashwani Gujral.

"News is not relevant in a market. The market momentum was coming down even before yesterday."

Divi's Lab has gapped down from a rally on the basis of some news and that has triggered off a sell with a stop of about 1175 and a target ...

Overall, chances are that it will get fairly close to 600. So on declines, this remains a buying stock.

For Kingfisher Airlines, 25-26 could provide a support but we should wait for the stock to have a 3 to 5-day type decline and then get into...

Jet Airways could get down to 300 to 310 levels. We can try to buy it

Reliance will have some more short covering to go. However, given that this has happened on news, the short covering may lead up to 810-815

Buy Jet Airways. It is up 10% but I am still recommending it because aviation is a space where not all shocks may have been covered

I would avoid Ranbaxy for the moment as it is too much news driven.

We can sell this stock with a stop of about 968 and a target of 840 on news of some excise hikes in diesel vehicles.

ACC around probably 920 to 950 comes into a buy zone. So once the news is out, it is a loser’s game to act on that news.

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, gives his views on Bharti.

Straightaway out of the three Bajaj Finserv is the one that is the strongest rest IFCI, JM etc. they have all been beaten up and one day’s ...