Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Life Sciences, Mindtree and IDFC Bank.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Jubilant Life Sciences is a buy with a stop loss of Rs 800 and target of Rs 865. Mindtree is a buy with a stop loss of Rs 628 and target of Rs 650. IDFC Bank is a buy with a stop loss of Rs 64 and target of Rs 72."
"Particularly, financials had a bad start, but almost all NBFCs are now coming back fairly strongly. I think Can Fin Homes probably has bottomed out. It has gone through a fairly large correction and now with a Rs 460 type of stop loss, at some point it should get back towards its 200-day moving average which is Rs 530-535."
"A small stock which people may be interested is Morepen Laboratories. It is now up 6 percent and completing a correction. So there are N-number of stocks which are going up."
"Coffee Day has again started moving, it is now moving higher, so once you get on to moving train you don’t need to get off very easily," he said.
"GSFC is a buy with a stop loss of Rs 154 and target of Rs 166. Kotak Mahindra Bank is a buy with a stop loss of Rs 1,000 and target of Rs 1,040. Indiabulls Housing Finance is a buy with a stop loss of Rs 1,230 and target of Rs 1,265."
"The good news is that Wockhardt has been hammered to pulp and then it is moving higher. So that way its ability to absorb bad news is much better than it was at Rs 2,000. Having said that be ready for all kinds of news flow and on one given day it can go down 8-9 percent because of adverse news flow.""Overall it appears to have bottomed out and is moving higher. Next target here could be closer to Rs 1,130-1,150. Keep Rs 900 type of stop loss."