Buy L&T Finance, Tata Elxsi, Caplin Point, Relaxo Footwear; sell Fortis Healthcare: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "I have all buy calls but that does not mean my bias on the overall market is higher. It is just that it is a stock specific type market."

"L&T Finance is a buy with a stop of Rs 144 and target of Rs 156. Tata Elxsi is a buy with a stop of Rs 1,650 and target of Rs 1,710. Caplin Point is a buy with a stop of Rs 585 and target of Rs 620."

"Relaxo Footwear is a buy with a stop of Rs 520 and target of Rs 575. Fortis Healthcare is a sell with a stop of Rs 160 and target of Rs 147," he said.

"ICICI Prudential has had a fairly strong rally. I think Rs 50-70 have been gained in the last few sessions. So, possibly some consolidation but it will move up even further from here.."

"As far as Bata India is concerned, the downside is over. Now, you have a bit of an upside and all footwear brands are going up, maybe you can do Rs 630-650 on Bata. However, overall, I don’t think Bata is the new high type of stock because generally it tends to be range bound and after a big decline and I think it is now having a bit of a upswing," he added.