Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Aurobindo Pharma has made three bottoms very close to Rs 640. It appears it is trying to bottom out, so that is a buy with a stop loss of Rs 668, target of Rs 700. Canara Bank is a buy with a stop loss of Rs 314, target of Rs 336 and City Union Bank is a buy with a stop loss of Rs 149, target of Rs 160."
"Bank of Baroda (BoB), Punjab National Bank (PNB) and State Bank of India (SBI) are making longer-term bottoms. These stocks used to be multiples of where they are today, BoB etc used to be at Rs 400-450. So I will not be surprised if you start getting a bit of a good news why these stocks cannot go up 50 percent. So this is like real estate, the last two pockets where you can say some amount of value maybe there, so from here, for the last few weeks, they have been buy on dips type of stocks," he said.
"The level of Rs 900 on Infosys will get broken at some point and with the incremental bad news as you have been hearing about H1-B visas, IT has still a long way to go on the downside."
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