Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The Adani Group companies since yesterday are coming back into flavour. I think in Adani Ports above Rs 340, we could have another 25-30 points move, so, maybe Rs 365-370. So, possibly buy on all declines."
"Generally speaking, I don’t go with stocks which are outperforming in underperforming sectors. However, Cadila Healthcare can get up to Rs 580-600, but those are points where you get out because we saw what happened with Biocon; from Rs 1,150 to Rs 900. So, some kind of bad news is sometimes waiting to happen in sectors which are in trouble."
"Stay with housing finance and you are generally safe. Also you can look at Bajaj Finance and Bajaj Finserv. Edelweiss Financial had a fresh breakout. So, all of these stocks basically consolidate and then give you fresh moves. Motilal Oswal from a correction made a fresh high. So, there are all kinds of NBFCs out of there."
"Adani Enterprises, I think should get back to those earlier levels of Rs 155, but for the day, Rs 138-140 looks fairly likely," he added.
"Yesterday ICICI Bank closed at the lows of the session which is about Rs 318 and today it has opened above Rs 320 which means it has opened above the highs of yesterday. Now, that is very significant because that is a trap because people who were short on ICICI Bank yesterday are now trapped. Possibly it is going to remain buoyant through the day."
"NBFCs is the place to be, so, Edelweiss is a buy with a stop loss of Rs 190 and target of Rs 206. M&M Financial is a buy with a stop loss of Rs 367 and target of Rs 385."
is a buy with a stop loss of Rs 1,120 and target of Rs 1,165. Cadila Healthcare
started moving up from Rs 420. So it is not like it started rally today. There is a difference between with what happened with Titan Company
and what happened here. So, my sense would be if you got in at around Rs 420, these are decent levels to take things off because the rally has been fairly vertical."