Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "In terms of the list today, the smaller real estate companies are now doing extremely well. So, Anant Raj is a buy with a stop loss of Rs 64 and target of Rs 72."
"Chambal Fertilisers is a buy with a stop loss of Rs 116 and target of Rs 128. This Rs 118-120 zone is very important for Chambal; it is probably a multi-year high. So, something is now happening in the fertiliser space as well; maybe some subsidy realignment, etc."
"Vijaya Bank is a buy with a stop loss of Rs 84 and target of Rs 96. CESC continues its upside. That is a buy with a stop of Rs 970 and target of Rs 1,020."
"Prism Cement started a fresh uptrend. That is a buy with a stop loss of Rs 117 and target of Rs 130."
"Microfinance is not doing so well, so, in Ujjivan Financial, Rs 260-280 is possible. However, it is clear that real estate with a 4 percent up move on the index has restarted upside. Indiabulls Real Estate used to be an Rs 800 stock, it is still hardly Rs 150. It can easily go to Rs 300. That is the mistake that people are making that they are measuring the move from the lower levels. See from where they have come down. Indiabulls can go up to Rs 400 and the rally can top out and it will be a 50 percent retracement."
"So, if you look at it at a longer term chart, this is just reversion to the mean. So, I would think real estate has much higher levels to go. Something has broken in the microfinance, possibly not permanently but people who are believers I think this is the kind of downside you want to build long term positions on microfinance. So, that way positional traders can get long on these stocks, but I don’t think trading wise there is much upside immediately on microfinance."
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