Buy Reliance Capital; sell Capital First, BPCL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Reliance Capital is a buy with a stop loss of Rs 650 and target of Rs 675. Capital First is a sell with a stop loss of Rs 672 and target of Rs 650. BPCL is also a sell with a stop loss of Rs 615 and target of Rs 590."

"FMCG is stronger than the other spaces. So, basically you would still buy Dabur India on any sort of decline. However, overall, the big shorts will probably come only in the financials as we are seeing," he said.