Buy Punjab National Bank, Bank of Baroda, Canara Bank; sell Tata Motors, BPCL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Punjab National Bank is a buy with a stop loss of Rs 98 and target of Rs 106. Bank of Baroda is a buy with stop loss of Rs 142 and target of Rs 154."

"Canara Bank is a buy with stop loss of Rs 264 and target of Rs 276," he said.

"Tata Motors is a sell with a stop loss of Rs 350 and target of Rs 335. Bharat Petroleum Corporation is a sell with a stop loss of Rs 452 and target of Rs 435. NBCC is a buy with a stop loss of Rs 196 and target of Rs 210."

"I am assuming Bank of Maharashtra is lower right now. A third run stock in a third runs sector, you don’t have much hope. I would probably get into something like Yes Bank, because at least there the stock has corrected and whenever the market turns around chances are it will bottom out and go up or try to get into some of the midcap IT stocks like Firstsource Solutions etc. Banking overall is in trouble and PSU banks and Bank of Maharashtra I think basically has no hope," he said.