Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Asian Paints has completed a correction. That is a buy with a stop loss of Rs 1,060 and target of Rs 1,095. Voltas is also a buy with a stop loss of Rs 390 and target of Rs 412. REC is a buy with a stop loss of Rs 173 and target of Rs 186."
"A very interesting play is the tyre stocks. Chances are a lot of people went short there yesterday, now they are trading at the highs of the day. They haven’t really taken all this very badly. Ashok Leyland is coming off strong downsides. So, that is something people can watch over the day."
"Siemens and L&T are showing some sort of upside but these are not outperformers; sure they can go up 1-2 percent in a day. Siemens basically for the last couple of years has been between say Rs 850 to about Rs 1,375-1,400. Once we get past this zone, a fresh trend will start but that will need a major capital goods recovery, etc. So, for the moment, upside is Rs 1,350-1,370"," he said.
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