Buy Bajaj Auto, Sun TV, Mahindra Life, Jai Corp, Divis Laboratories: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Individual stocks are doing fairly decently. So, Jai Corp is a buy with a stop loss of Rs 106 and target of Rs 118. Real estate stocks came back although Indiabulls Real Estate fell. So Mahindra Lifespace is a buy with a stop loss of Rs 500 and target of Rs 525."

"Balkrishna Industries is a buy with a stop loss of Rs 1,730 and target of Rs 1,790. Sun TV Network is a buy with a stop loss of Rs 840 and target of Rs 875. Bajaj Auto is probably starting bit of fresh life above Rs 3,100. This is a buy with a stop loss of Rs 3,100 and Rs 3,250."

"If Indiabulls Real Estate falls further, as we know there are people who are interested in buying it also. So if it falls further, I think you should buy because overall real estate looks good. So at some point Indiabulls Real Estate will also look good. Now this F&O musical chair which was going on, that stops. That is good news. So now manipulating the stock may be a little more difficult."

"Yesterday, Divis Laboratories was down 6-7 percent and then came back from those lows. I would think that was some sort of a retest that happened. So, Divis Laboratories still remains a buy and at some point we should get to a level of Rs 1,000," he added.