Buy Havells India, Apollo Tyres, Motherson Sumi, Marico, Kotak Mahindra Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Metals have consolidated and possibly will make fresh highs given that the globe is not correcting as hard as was being expected. So, I think Hindalco Industries, Vedanta, all these stocks can be bought on any sort of decline. They should make fresh intermediate highs." 

"Havells India is a buy with a stop loss of Rs 455 and target of Rs 480. Apollo Tyres is a buy with a stop loss of Rs 205 and target of Rs 221.  is a buy with a stop loss of Rs 374 and target of Rs 392," he said. 

"Marico is a buy with a stop loss of Rs 293 and target of Rs 315."

"Kotak Mahindra Bank is a high risk buy because it was coming down because the market believed it is going to spend money and buy something. Since that didn’t happen, chances are it has some shorts trapped, so, that could take it higher. So, this is a buy with a stop loss of Rs 850 and target of Rs 875." 

"ICICI Bank and State Bank of India (SBI), are showing strength and chances are SBI is breaking out of range at Rs 285-290. If it can do that, possibly Rs 315-320 is the next upside."

"ICICI Bank, again, a similar sort of 10 percent type upside has opened up. However, these are the NPA candidates, so, the plan better be around because it is going to be difficult just to keep going up on hope."

"Bajaj Electricals in some way is related to white goods. That is a buy with a stop loss of Rs 320 and target of Rs 337. Vedanta is a buy with a stop loss of Rs 265 and target of Rs 282."

"Havells India is making fresh high, that is a buy with a stop loss of Rs 460 and target of Rs 485."