Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Stocks that have rallied sharply are now coming down. So, Maruti Suzuki is a sell with a stop loss of Rs 5,650 and target of Rs 5,500. Amara Raja Batteries is also a sell with stop loss of Rs 1,035 and target of Rs 980."
"Reliance Industries showed weakness yesterday, so sell with a stop loss of Rs 1,075 and target of Rs 1,030," he said.
"In case the market sustains 8,550, Tata Steel is a buy with a stop loss of Rs 400 and target of Rs 425."
"Bajaj Finance is a buy with a stop loss of Rs 1,060 and target of Rs 1,120."
Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.