Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "LIC Housing Finance is a buy with a stop loss of Rs 525, target of Rs 550. SREI Infra is also a buy with a stop of Rs 80, target of Rs 93. Vakrangee is breaking out inspite of what the rest of software is doing, that is a buy with a stop loss of Rs 283, target of Rs 299."
"Once something like Axis Bank has been bashed up because of NPA results then you had several people arrested, etc. That often is the bottom for a stock so whatever news from here comes in, it is likely to be positive. So short covering plus some genuine buying, so this is one of the banks that people should try to buy. At some point, very soon we will see it cross Rs 500," he said.