Buy Balrampur Chini, Tata Motors, Escorts, NIIT Tech, Tata Elxsi: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Balrampur Chini is not in a great uptrend. Possibly because there is some sort of news, it may do well today. However, I think you should buy with a stop around Rs 148 and maybe you will get Rs 168-170. However, again today, I would look harder at IT and pharmaceuticals."

"Tata Motors seems to be done on the downside, Rs 430-420. That is not really breaking. So, it is at that type of zone where Ashok Leyland was at Rs 80. So, from here, as some good news happens, you could easily get Rs 530-550. So, it is for those sort of traders who are willing to trade it up for the next 20 percent.," he said.

"Motherson Sumi Systems post its bonus that was there went into a correction towards Rs 300 and from there it is starting to move higher. So, with stop loss around Rs 300, I think at some point you will get Rs 345-350. I think you will get to your 30-40 points style dip because yesterday I think people covered shorts a lot and now there is a lack of shorts at the higher levels. So wait for that decent dip and only then enter. I think you should get that dip in the next couple of hours."

"Escorts has done a strong breakout. So, that is a buy with a stop loss of Rs 680 and target of Rs 705. NIIT Technologies is a buy with a stop loss of Rs 585 and target of Rs 610. Tata Elxsi is a buy with a stop loss of Rs 1,740 and target of Rs 1,800."