Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Buy Reliance Infrastructure with a stop of Rs 520 and target of Rs 545. JSW Steel is a buy with a stop of Rs 210 and target of Rs 225. Lupin is a sell with a stop of Rs 1,080 and target of Rs 1,000."
"Axis Bank is not lower today. In fact at lower levels, it is finding buying. So, while there has not been good news to take these stocks higher, but it is not like they are collapsing on not so good news. So, chances are by end of the day, both Axis, ICICI Bank, etc. would find buying coming back because all the PSU banks, the smaller banks, the midcap banks, everything else has recovered. So, there is clear buying in financials including NBFCs, PSU banks and private banks," he added.
"United Spirits is an extremely volatile stock and probably this correction should be bought into. If you buy these sort of sharp declines, you generally tend to make money on United Spirits. Possibly, in this Rs 2,400-2,500 zone it is a fairly decent buy if it turns."
"I think the one stock people who missed out should look at is ICICI Prudential. It came down because of news, these things happen in insurance, etc. This is the time to get into ICICI Prudential, as things sort out it will go back above Rs 500," he added.
"When you buy stocks for five years, generally speaking they should be bluechips because you don’t know what is going to happen in five years. There are lots of problems still in the pharmaceutical space. So, it is avoidable. Granules India is not a five year stock. The five year stock is Bajaj Finance or maybe even a Capital First because the NBFC bull run has just started and that is where you will get returns over five years.""People want to buy poor quality stocks and when they will get stuck, you will have questions about what to do. These are trades, in Jaiprakash Associates keep a Rs 26 stop, maybe you will get Rs 34. However, if you make Jaiprakash Associates your core portfolio, then you are in trouble."