Ashwani Gujral of ashwanigujral.com is of the view that one can buy IGL, Colgate Palmolive and GE Shipping and sell SBI and Vijaya Bank.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "It all depends on how the day pans out. If there is only buying and somehow we are able to breakout, then we only go with the buys. However, if we start to turn, say middle of the day thereabouts, then you start to get short on the two banks that I have."
"So IGL is a buy with a stop loss of Rs 1,360 and target of Rs 1,410. Colgate Palmolive is a buy with a stop loss of Rs 1,140 and target of Rs 1,200. GE Shipping is a buy with a stop loss of Rs 415 and target of Rs 440.""Meanwhile, Vijaya Bank is a sell with a stop loss of Rs 62 and target of Rs 56. State Bank of India is a sell with a stop loss of Rs 275 and target of Rs 262," he added.