Ashwani Gujral of ashwanigujral.com told CNBC-TV19, "Today everything other than IT and banks are moving. So, you need to identify your NBFC and your auto stocks which should do well. So, that is a space to be in for the day and possibly we have today put in a bottom for NBFCs."
He further added, "Muthoot Finance is a buy with a stoploss of Rs 298 and target of Rs 314. Can Fin Homes is a buy with a stoploss of Rs 1,570 and target of Rs 1,720."
"Mahindra and Mahindra which had a vertical decline, today is the first day it is moving higher. So nice risk reward. It is a buy with a stoploss of Rs 1,170 and target of Rs 1,240," he said.