Ashwani Gujral of ashwanigujral.com is of the view that one can buy GNFC, Century Textiles, Bajaj Auto and Hero MotoCorp and sell Petronet LNG.
"Petronet LNG seems to have made a intermediate top, so that is a sell with a stop loss of Rs 400 and target of Rs 375," he said.
"Bajaj Auto and Hero MotoCorp have gone through decent corrections, so this is a good time to add on both these stocks to your portfolio. Similarly, auto ancillaries like Sundram Fasteners, the midcap stocks like Motherson Sumi or Bharat Forge, these stocks have all corrected in the last correction and now along with Maruti Suzuki all of these stocks look very strong."
"Strongest two wheeler is probably TVS Motor but in India as long as the bull market continues, auto tends to outperform. So, on all dips these auto stocks are buys."