Buy Godrej Consumer, HDFC, HUL, Raymond, Uflex, Avanti Feeds, MGL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "As far as individual stocks are concerned Godrej Consumer is a buy with a stop loss of Rs 960 target of Rs 990.  HDFC is resuming its uptrend unlike many other housing finance company and may be they will follow. This is a buy with a stop loss of Rs 1,725, target of Rs 1,765."

"Raymond is a buy with a stop loss of Rs 920 and target of Rs 945. Marico has been flat. I don’t think even the results could take it higher. The most recent expansion or breakout has happened in Dabur India. So, maybe that is a better FMCG stock because anything that is flat and not moving, that often is never a good trade," he said.

"Avanti Feeds is a clear bull market stock and should be part of most portfolios. It is a portfolio stock not really a three month stock but say over one year we should see Rs 3,400-3,500. So maybe keep a Rs 2,500 type a stop loss."

"My sense is that midcap banks which are there in the Bank Nifty haven’t really participated. So, at some point may be Canara Bank or Punjab National Bank (PNB) and Bank of Baroda (BOB) will catch up a bit. I think ICICI Bank and State Bank of India are hogging the limelight but I think fresh rally should start even in the smaller banks,"  he added.

"Uflex is a buy with a stop loss of Rs 472 and target of Rs 490. Hindustan Unilever (HUL) is a buy with a stop loss of Rs 1,240 and target of Rs 1,285. Mahanagar Gas (MGL) is a buy with a stop loss of Rs 1,240 and target of Rs 1,275."