Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Balkrishna Industries is a buy with a stop loss of Rs 1,890 and target of Rs 1,960. UltraTech Cement is a buy with a stop loss of Rs 4,400 and target of Rs 4,550. Bata India is a buy with a stop loss of Rs 800 and target of Rs 835."
"Larsen & Toubro (L&T) has basically broken out of a range which was from Rs 1,100-1,250. It is now heading towards Rs 1,400 and chances are numbers will be good."
"Dewan Housing Finance is a buy with a stop loss of Rs 640 and target Rs 665. Just Dial is a sell with a stop loss of Rs 510 and target of Rs 465. Prestige Estates is a buy with a stop loss of Rs 284 and target of Rs 302," he added.
"Idea Cellular is a buy with a stop loss of Rs 94 and target of Rs 106. Indraprastha Gas is a buy with a stop loss of Rs 314 for target of Rs 332. Power Finance Corporation is a sell with a stop loss of Rs 131 and target of Rs 120."
"Looks like SBI is going to re-start its upside because it is fairly large 4.50 percent move on a large stock. If we can get pass this Rs 330 where it had trouble couple of times. I think a fresh rally could start. I think the way PSU banks are positioned and the kind of better than expected news which is there should lead to another fresh move on the upside on most of these PSU banks."
"On the cash side, midcap realty is doing fairly well. Plus you have stocks like IGL which is coming back post that split. Voltas is doing well, so a lot of consumption stories like Voltas, PC Jeweller etc. are doing well."
"Overall I think a lot of sectors are firing in the market, so that way PSU banks, consumption, a bit of IT - because Infosys
was also trying to move higher. So, that way the market is pretty well positioned for the next upside."