Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "On the buy side you have to be with stocks which are showing high momentum. Reliance Capital after that big move showed a red session and then possibly trying to show continuation yesterday. So, that is a buy with a stop loss of Rs 600 and target of Rs 635."
"Escorts is a buy with a stop loss of Rs 515 and target of Rs 540. Rashtriya Chemicals and Fertilisers (RCF) is showing good upside traction. In fact all fertiliser is moving higher. This is a buy with a stop loss of Rs 64 and target of Rs 72," he said.
"Ashok Leyland is kind of again failing above Rs 90, so that is a sell with a stop loss of Rs 92 and target of Rs 85."
"HPCL after a long sideways type of move is showing signs of breakdown, so this is a sell with a stop loss of Rs 516 and target of Rs 490."