Ashwani Gujral of ashwanigujral.com prefers State Bank of India over Bank of Baroda and advises shorting ITC.
"ITC has opened 2 percent lower, so, if you can get long on Infosys and TCS while the open haven’t been great out there as well, ITC could balance it with a short trade because it has opened below yesterday’s low and yesterday was an up day. So, this is a fairly significant fall. So, I think in ITC you can go short on and may be go long on some of the technology stocks," he said.
"I don’t think it is a great idea to short metals while globally metal prices are rising. However, at some point, they will become buys. The market must bottom out to take a serious buy position. So, for the moment it is all choppy. However, on declines, metals remain a buy as well as gas stocks, which is commodity and which is probably stronger than metals. So, try to get long on the gas stocks."