Buy HDFC Bank, Canara Bank; sell PC Jeweller: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "HDFC Bank after many days is recovering. So, this is a good decline on HDFC Bank to buy into. Also, Yes Bank and IndusInd Bank, all of these private banks are likely to do well for the day. The rally started yesterday, chances are it should continue today."

"HDFC Bank is a buy with a stop loss of Rs 1,750 and target of Rs 1,785. Canara Bank is a buy with a stop loss of Rs 328 and target of Rs 342."

"PC Jeweller is a sell with a stop loss of Rs 365 and target of Rs 348. Balkrishna Industries is fairly close to its 200-day moving average, about 100 points higher. So this is the time where you start building positions on Balkrishna," he said.

"In Bajaj Finance, again sideways move is probably now giving you some upside indication. So, chances are that if you buy here, keep a Rs 1,600 type of stop loss. At some point you will cross Rs 1,820 which is previous intermediate high."

"GSFC is a bit less clear, so I would still go with Balkrishna and Bajaj Finance on the upside. In fact Bajaj Finserv is also moving up. So that is kind of rubbing off," he added.