Buy Indian Oil Corporation, Dewan Housing Finance, Hindalco Industries: Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "We saw oil marketing companies doing quite well last week and I think it will continue to do going forward also. They have been star performers since last one year. So, I feel that in that pack Indian Oil Corporation (IOC) is witnessing a new fresh buying as well as longs added and a new regime as well. It is at all-time high, so, I would buy IOC with a stop loss of Rs 421 and a target of Rs 445."

"Dewan Housing Finance is closer to its 52"-week high. So, I would go long on Dewan Housing Finance with a stop loss of Rs 382 and a target of Rs 405," he said. 

"Thirdly, we saw metal stocks continuously sell-off. We are observing in last two to three sessions and in that space I feel Hindalco Industries is trading in a lower band. So, I feel that at around Rs 177-178 should be the good support and it should consolidate. So, one can take a risk of buying Hindaclo with a stop loss of Rs 176 and a target of Rs 195."