Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "ITC has had a breakaway gap and breakaway gap generally tends to close at the highs of the day. We bought ITC at around Rs 285 but whatever happens, ITC is in that sort of frame of mind like Reliance Industries was the other day. So, chances are that backed by news this sort of pattern should lead to highs on the session."
"M&M Financial Services is a buy with a stop loss of Rs 304 for target of Rs 321. Maruti Suzuki is also a buy with a stop loss of Rs 6,150 for target of Rs 6,320. ITC is a buy with a stop loss of Rs 281 and target of Rs 295," he said.