Ashwani Gujral of ashwanigujral.com is of the view that one can buy Cholamandalam Investment and can sell India Cements and NMDC.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Cholamandalam Investment is a buy with a stop loss of Rs 1,060 and target of Rs 1,120. India Cements is a sell with a stop loss of Rs 198 and target of Rs 184. NMDC is also a sell with a stop loss of Rs 108 and target of Rs 96."
"In L&T Finance Holdings, you are getting a correction, possibly at some point in the future, you will get Rs 200. So, the idea should be to build positions on L&T Finance as it comes down. So, bull market stocks, all of these NBFCs, the correction should be temporary and you should be building positions on these stocks."
"Hotels, I don’t think are one of the leaders of this bull market. It is a kind of a side sector, probably ignored, so, I don’t think one will get much more from here. Possibly get out of Indian Hotels and get into stocks which have more momentum," he said.