Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "You have to still go with the same consumer type stocks. Monsoon theme, Escorts was good at Rs 150-250. Now at Rs 600 to say that it is moving because of monsoon, for the day, it is a good idea to get the market to break out, otherwise, probably we would not have broken out. But, fast-moving consumer goods (FMCG) plays like Hindustan Unilever or Godrej Consumer Products, those are much better plays. Jain Irrigation and the other pure agriculture plays, the rallies do not seem to continue because one month from now, you will have a problem somewhere. Monsoon delayed, did not come in, etc. So, stay with more consumer oriented plays which can keep you in the game longer than these rallies and all of these fertiliser companies which are probably moving for different reasons, not for monsoons."
"Chambal Fertilisers and Chemicals broke out of Rs 118-120 and I had said that now you are looking at Rs 150-160, so something else is happening there. So, I would avoid these pure play irrigation and seed companies, etc."
"Bajaj Finance is a buy with a stop loss of Rs 1,300, target of Rs 1,365. Escorts has already met its target and HDFC is a buy with a stop loss of Rs 1,530, target of Rs 1,600," he said.
"The way to play aviation at the best of times has been once it gets hammered down because of higher crude prices or something, you buy it then. And when things look good, you get out. If you buy here, I am not so sure you will have great upsides, so that way, I do not think aviation is in a strong trend."
"Crude probably has declined quite a bit, so if you see rallies there, this Interglobe Aviation rally will come to an end. I would buy it around Rs 850-900. That is a much better buy. Because of this monsoon, microfinance is looking better. So, that is where your risk reward is much more favourable."
"Ujjivan Financial Services seems to have turned around and that is where short positions are there. In the market, what tends to move the fastest is where you have short positions. So, chances are you have short positions in Bharat Financial Inclusion, Ujjivan, Equitas Holdings - all these stocks could do 10-15 percent in this monsoon cheer," he added.
"Good news came in yesterday, Godrej Consumer Products and everybody was scared Patanjali was going to close down MNCs, etc. So, that fear is getting out of the market and people start to extrapolate because if one consumer company is doing so well, possibly others are also doing it. So, this is that kind of sector move which has been triggered by yesterday's results."
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