Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Infosys, inspite of whatever is being said, is a low risk buying opportunity. When the perceived risk is the highest, I think the risk is the lowest. Maybe keeping an Rs 850 kind of stop loss, long term investors should buy into Infosys. However, today I think market should belong to the Bank Nifty, so, try to buy on all declines particularly stocks like Yes Bank, IndusInd Bank, etc. which are bouncing off corrections."
"You have to look at ICICI Prudential Life Insurance. The stock is moving higher. That is a buy with a stop loss of Rs 425 and target of Rs 450. Voltas is a buy with a stop loss of Rs 536 and target of Rs 560. Yes Bank is a buy with a stop loss of Rs 1,725 and target of Rs 1,800."
"Metal rally has been on for a while. You can buy Vedanta
and Tata Steel
is still below its 200-day moving average, a lot of rallies on NMDC fail, so, I am much more interested on Vedanta and maybe even Tata Steel," he added.