Buy Gujarat Fluorochemicals, Sun TV Network, Rural Electrification Corporation: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Gujarat Fluorochemicals is a buy with a stop loss of Rs 700, target of Rs 735. Sun TV is also a buy with a stop loss of Rs 810, target of Rs 845. Rural Electrification Corporation (REC) is a buy with a stop loss of Rs 192, target of Rs 204."

"PSUs are being recommended because of the news flow, which got people to initiate shorts. PSU banks don’t have those kind of shorts. If there was some negative news on PSU banks then you would consider that but purely from a futures perspective, all those stocks which came for that OFS news out there, there is lack of follow-through selling and chances are by the end of the day PSU stocks could do extremely well particularly REC and Power Finance Corporation which was in a strong uptrend and that got halted by that news," he said.