Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "REC broke out yesterday, so, I think Rs 250 should be on the cards. Bata India remains in an uptrend and I think you should see maybe Rs 650-670 at some point. If you get these bad numbers and stocks come down, maybe that could be a buying opportunity at least on Bata."
"Colgate Palmolive has been in a downtrend even before the numbers, probably avoidable. Hindustan Unilever (HUL) is the preferred FMCG stock, HUL or ITC. I don’t think Colgate is doing very well. Aarti Industries is in an extremely strong uptrend," he said.
"Real Estate, a few NBFCs, that is the place to look at. Overall market is fairly flat, all the large indices are within 30-40 points of their previous close. So, I think midcaps should again rule the roast. HDIL looks fairly strong. So that is one stock I would like to back after the open," he said.
"TVS Motor is probably the strongest two wheeler stock and we should look at Rs 580-600. Similarly, stocks like Edelweiss Financial, Can Fin Homes, Bajaj Finserv, Bajaj Finance, the usual NBFC pack, they are coming back after a correction. So, use any dips on those strong groups to get in."
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