Buy NTPC, Power Grid, CESC: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "NTPC is a buy with a stop loss of Rs 160 and target of Rs 172. Power Grid is also a buy with a stop loss of Rs 203 and target of Rs 216. CESC is a buy with a stop loss of Rs 900 and target of Rs 935."

"Tyre stocks have done a lot and they have gone up on good news. Buying good news is not the best way of playing stocks. I would like to buy tyre stocks once rubber prices come back a little bit. Overall, it remains a strong theme, any sort of correction should make you buy into them because the moment the market turns, this is one of the first theme that tends to move on the upside. However, still it is now a trading kind of theme, you need a decent correction for a good entry point," he said.