Ashwani Gujral of ashwanigujral.com recommends buying Hitachi Home, Motilal Oswal, NBCC, Tata Chemicals and Petronet LNG.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "A lot of stocks are breaking out of contractions. Hitachi Homes controlled it - 20 percent yesterday and once something starts to expand, it does that for more than one day. So this is a buy with a stop loss of Rs 2,400 and target of Rs 2,550. Motilal Oswal restarted a move. That is a buy with a stop loss of Rs 1,400 and target of Rs 1,550."
"NBCC is a buy with a stop loss of Rs 245 and target of Rs 262. Tata Chemicals is a buy with a stop loss of Rs 710 and target of Rs 745. Petronet LNG is a buy with a stop loss of Rs 255 and target of Rs 272."
"Bharti Airtel has broken out of Rs 450 and similarly so has Idea Cellular, Rs 90 is a fairly key zone. So any sort of decline today, those should be the first stocks you should be buying. They are expanding now on the upside, nobody owns telecom, etc. so they could be in for a fairly large rally."
"All kind of metal stocks on declines are buys because they are only gaining in momentum. So Vedanta, Tata Steel, JSW Steel, maybe even Tata Sponge because the good results are just about beginning to come in. So probably all of these stocks have still much further to go."
"Reliance Capital was a call yesterday. It corrected towards its 200-day moving average, so, I think now it is getting poised for a nice upswing, an upswing which could take it back towards Rs 660-670. So this is the time to get into Reliance Capital and your stop loss is fairly close at about Rs 520-530."
"In Axis Bank, the problem is that Rs 485 has been broken. So the next support is now Rs 425-430 and when there is this sort of news and important levels are broken with a gap, there is follow through."
"I think Reliance Industries is moving beyond Rs 880 now, so, that is something you can buy in. Plus you can also look at Dewan Housing Finance type of stocks which are continuing their upside and may even make a fresh high today itself," he said.
"Reliance Capital can be bought with a stop loss around Rs 565, target of Rs 590. Incidentally in the morning Hitachi Home call is up another 10 percent. So chances are even that could still gain for the day."Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd