Ashwani Gujral of ashwanigujral.com recommends buying GAIL India, BASF, Bharat Forge, Ashok Leyland and EID Parry.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Today Titan Company and PC Jeweller should do well even in a market which is not supposedly opening too well. For Titan, Rs 550 remains a fairly decent stop. We should expect it to get back towards Rs 650."
"Similarly, PC Jeweller has had a bit of a rally but I think it is still off its recent highs. So, I think we should see another 10 percent on PC Jeweller as well."
"GAIL India is a buy with a stop loss of Rs 446 and target of Rs 470. BASF was up 20 percent on Friday, but that is a beginning of a rally. So more upside is here. This is a buy with a stop loss of Rs 1,750 and target of Rs 1,790."
"Bharat Forge is a buy with a stop loss of Rs 640 and target of Rs 675. Ashok Leyland is a buy with a stop loss of Rs 120 and target of Rs 132. EID Parry is also a buy with a stop loss of Rs 356 and target of Rs 372," he added.
"SRF has not really performed over the last few months. It is again below its 200-day moving average. So I don’t think much is going to come out of this. For the moment I think you have to look at stocks which are on the downside because today will be a bit of a down day. So, Adani Enterprises, Oriental Bank of Commerce (OBC), etc. are also good short positions. Balance them with a couple of these jewellery stocks. I think that should be the trade for the day."
"Tata Chemicals is a buy with a stop loss of Rs 680 and target of Rs 710. Sundram Fasteners is a buy with a stop loss of Rs 460 and target of Rs 485. Godrej Properties is a buy with a stop loss of Rs 640 and target of Rs 675.""Maybe Rs 770-780 on Tata Steel looks likely. A lot of money seems to be getting into metals fairly quickly."