Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, State Bank of India and Dr Reddy's Laboratories.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Edelweiss Financial Services has restarted its rally, so that is a buy with a stop loss of Rs 289 for target of Rs 304."
"State Bank of India is showing some amount of follow through, so that is a buy with a stop loss of Rs 318 for target of Rs 334. Dr Reddy's Laboratories is also a buy with stop loss of Rs 2,400 for target of Rs 2,520."
"IDBI Bank is not the best performing PSU bank. If you have to look at PSU banks, then you have to go say State Bank of India, Punjab National Bank and Canara Bank. I don’t think IDBI is likely to outperform. In that category Vijaya Bank is much better than IDBI Bank," he said.