Buy Adani Trans, Tata Comm, Bombay Burmah, Muthoot Fin, Capital First: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "In the Adani Group, I think Adani Transmission is making fresh intermediate highs. That is a buy with a stop loss of Rs 143 and target of Rs 157. Tata Communications has crossed its 200-day moving average from below. That is a buy with a stop loss of Rs 690 and target of Rs 725."

"Bombay Burmah is trading after a strong breakout, moved sideways and chances are sooner or later it will start moving up again. This is a buy with a stop loss of Rs 1,035 and target of Rs 1,100," he said.

"Muthoot Finance is a buy with a stop loss of Rs 510 and target of Rs 545. Capital First is a buy with a stop loss of Rs 800 and target of Rs 835. Larsen & Toubro (L&T) has had a vertical rally and it has basically crossed all the action to the left which is months’ worth of action in 3 bars. So, my sense is that it is probably moving towards levels of Rs 1,350-1,400. So, this is really a fairly strong move. All declines now towards Rs 1,200 should be bought into on L&T."

"Also, stocks like ABB and Siemens, again, there is a whiff of infrastructure, capital goods trying to move up. So if something is changing there, then maybe market could be getting into the investment phase of this bull market," he added.