Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Bombay Burmah Trading is a buy with a stop loss at Rs 1,385 and target of Rs 1,440. Karnataka Bank is a buy with a stop loss of Rs 134 and target of Rs 146. Radico Khaitan is a buy with a stop loss of Rs 350 and target of Rs 367."
"Financials are doing well and chances are more short covering can happen here given that crude etc. has come off. So, DHFL is a buy with a stop loss of Rs 527 and target of Rs 550."
"Asian Paints is a buy with a stop loss of Rs 1,130 and target of Rs 1,200. Sun Pharma Advanced is a buy with a stop loss of Rs 450 and target of Rs 485."
"UPL is pretty sideways type stock, Rs 670-680 is a strong support and similarly Rs 900 is a strong resistance. So, anybody who is a longer term player can probably buy this with a Rs 670 type of stop loss and as and when markets recover we should get back at least Rs 800-820. But otherwise choppy, I don’t think it is outperforming in this correction because it has already broken below the 200-day moving average."
"The problem with India Cements is that it has never really outperformed or fulfilled its promise. So, Rs 150-160 is the low and it often as difficulty crossing Rs 210-220. The midcap IT sector is doing much better than midcap cement. So, I would move on and may be get into Sonata Software or Tata Elxsi or NIIT Technologies. Those sort of stocks where the uptrends are pretty fresh and they are also going through corrections."
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