Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "RCF is a buy with a stop loss of Rs 100, target of Rs 112. Future Consumer is a buy with a stop loss of Rs 38, target of Rs 46."
"L&T Finance Holdings is also a buy with a stop loss of Rs 170, target of Rs 182. Bharat Petroleum Corporation Ltd (BPCL) is a buy with a stop loss of Rs 510, target of Rs 540. M&M Financial Services is a buy with a stop loss of Rs 418, target of Rs 440," he said.
"ICICI Bank is showing a good amount of strength and so chances are that you will see higher levels coming on both the indices at some point. As far as individual stocks are concerned, metals is doing well, Jindal Steel & Power is a buy with a stop loss of Rs 140, target of Rs 154."
"Dewan Housing Finance is a buy with a stop loss of Rs 458, target of Rs 475. Apollo Tyres has taken out three-four days of negative action out with a single bar. I think most tyre stocks have done that. So that is a buy with a stop loss of Rs 270, target of Rs 284."
"Apollo Tyres likely to outperform, I would go with Balkrishna Industries and Apollo, probably Ceat needs to do some work in these low regions."
"Arvind seems to be making some sort of a bottom, so chances are from here, it should rise so this is a good zone to buy into it. Maybe Rs 360 is a decent stop loss and you could get levels back towards Rs 415-420."
"Tata Steel can move further, possibly Rs 650-660 should happen regardless of numbers."
"Bank of Baroda is below that 200-day moving average. I would think that people who want to get into banks, Yes Bank, HDFC Bank are trading lower. So this is a time to accumulate them and finally they will be able to resolve on the upside. Reliance Capital, Bajaj Finserv, Bajaj Finance all these stocks are moving up. So try to get into strong stocks and you will probably be better served."
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