Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Power Grid is a buy with a stop loss of Rs 190 for target 205. Indian Oil Corporation is a buy with a stop loss of Rs 350 for target of Rs 375. Tech Mahindra is a buy with a stop loss of Rs 478 for target of Rs 500."
"Biocon has its own story, this is not the kind of messy sector that you want to enter right now. Every second day there is a new statement. Maybe there will be action, there won't be action but it is like basically the tech sector – one day down one day up. So, no clear trends other than may be Biocon or say Jubilant Life Sciences. So, couple of stocks look good, but the rest of them are basically just sideways," he said.