Buy Indiabulls Real Estate, PC Jeweller, Bajaj Electricals: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Reliance Industries is making a double bottom around this Rs 1,280-1,290. So people who missed the bus first time, this is the time when it is not getting talked about etc and quietly making this bottom. If Reliance starts to participate again, the largecap indices will move much more strongly. So this is right now about 40 points stop and I think easily 100-150 points on the upside at least back to previous highs should be possible."

"Also, FMCG which opened half a percent down has recovered all its losses, so that also looks good. So overall right now probably second half, the rally should further move on. So the idea should be that you buy into Indiabulls Real Estate with a stop loss of Rs 164, target of Rs 176," he added.

"PC Jeweller is a buy with a stop loss of Rs 540, target of Rs 575 and Bajaj Electricals is a buy with a stop loss of Rs 355, target of Rs 372."

"Coal India is a dog of a stock. I do not think fundamental news impacts it. Fundamental news impacts the way it is impacting Titan right now. This hangs around Rs 283-280, I do not think anything great is going to happen here."

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.