Ashwani Gujral of ashwanigujral.com recommends buying KRBL and Dewan Housing Finance and advises selling India Cements.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "KRBL is a buy with a stop loss of Rs 630 and target of Rs 665. Dewan Housing Finance is a buy with a stop loss of Rs 590 and target of Rs 625. India Cements is a sell with a stop loss of Rs 185 and target of Rs 170."
"Kotak Mahindra Bank is a buy with a stop loss of Rs 1,040, target of Rs 1,090. Biocon is a buy with a stop loss of Rs 560, target of Rs 595. Mindtree, post the numbers is again making fresh highs, so there is buying. That is a buy with a stop loss of Rs 680, target of Rs 715."
"Metals are in an uptrend. Now if the market starts to make new highs, these stocks will turn equally sharply. So this is a time to get into Tata Steel or Vedanta or JSW Steel because the midcap correction is not picking up steam. So that way, these are good areas to get long on metals, particularly because they are off from their highs."
"Overall, all of these high beta groups, particularly on financials, banks are probably pricing in crude prices coming off, hence yield coming off, etc. because this sort of continuous buying is very extraordinary in banks. But overall, I think the market is finding support and sooner or later we will make fresh highs."