Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "For the day you have PSU stocks which are doing extremely well. Within that, the metal group is again outperforming."
"PSU banks are doing well. For the moment, I think metals can be focused on - they have done to bit of a correction. So, Vedanta is a buy with a stop loss of Rs 334 for target of Rs 348. Hindustan Zinc is a buy with a stop loss of Rs 318 for target of Rs 332. Hindalco Industries is also a buy with a stop loss of Rs 264 for target of Rs 278."
"I think oil exploration is much better because crude prices are going up. Let us see how long this reforms etc. stick on and till when they are able to raise prices. My sense is that getting into offshore companies or ONGC, Oil India Limited is a trade now. Oil marketing trade is over probably," he said.
"Bhushan Steel is great stock to buy the day they get into trouble and they are down 8-10 percent. If you buy them on rallies, things are volatile, you have news flow on both sides then it takes time to work out."
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