Ashwani Gujral of ashwanigujral.com is of the view that one can sell Maruti Suzuki, Amara Raja Batteries and Reliance Industries and buy Tata Steel.
"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.