Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Individual stocks are now expected to pick up, particularly on the midcap space now that people are confident that the bottom is in. Welspun group has been doing extremely well. Welspun Corp is a buy with a stop loss of Rs 77, target of Rs 90. Indian Bank is a buy with a stop loss of Rs 248 and target of Rs 264."
"JSW Steel is also a buy with a stop loss of Rs 1,710, target of Rs 1,765. Jubilant Life Sciences is a buy with a stop loss of Rs 690, target of Rs 730 and Petronet LNG is a buy with a stop loss of Rs 383, target of Rs 408," he said.
"Everything consumption, right from paints to two-wheelers to four-wheelers, came down sharply as if business was going to close down. Chances are they will recover equally sharply because now possibly the market will start building in some sort of stimulus in the Budget, etc. In the next couple of months, these stocks will come back and a lot of them probably will make fresh highs as well."