Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "L&T Finance Holdings is a buy with a stop loss of Rs 195 and target of Rs 212. Bata India is also a buy with a stop loss of Rs 770 and target of Rs 795. Sun TV Network is a buy with a stop loss of Rs 806 and target of Rs 830."
"Generally, you do get into stocks which have moved up sharply. I think Sobha is probably going through that process. You could now after a 20 percent type of move do that for the next two or three days also. However, this is where you start to accumulate. It has given the indication yesterday that it wants to move higher."
"So, chances are at some point it should move higher. So, start buying on this decline. Now where this decline will go, maybe Rs 425-430 also is possible, but around these levels you should try to get in; keep Rs 400 type of stop loss."
"Bajaj Electricals is in an uptrend. Resistance, etc. is part of life but once a stock is in uptrend, on all declines you should buy. It has been moving up for last two to three days. Whenever these stocks decline, you should get into them."
"Havells India has given the fresh breakout. It probably is heading towards Rs 580-600," he added.
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