Buy Apollo Tyres, Mindtree; sell Bank of India, DHFL, Axis Bank, M&M Financial: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Apollo Tyres is a buy with a stop loss of Rs 267 and target of Rs 283. Bank of India is a sell with a stop loss of Rs 116 and target of Rs 108. Dewan Housing Finance (DHFL) is a sell with a stop loss of Rs 560 and target of Rs 535."

"M&M Financial Services is a sell with a stop loss of Rs 440 and target of Rs 415. Axis Bank is a sell with a stop loss of Rs 532 and target of Rs 510. Mindtree is a buy with a stop loss of Rs 808 and target of Rs 830."

"Ashok Leyland was a good buy at Rs 80-81. Now after that sort of rally, 50-70 percent, the big trades are on the downside. The odd trade which will move up, the odds of making money there are much poorer. I think the best odds of making money are on banks and on financials where there is clear movement of money coming out of those stocks," he added.