Buy Reliance Industrial, NBCC, Century Textile, Natco Pharma: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Reliance Industrial Infrastructure is a buy with a stop loss of Rs 450 and target of Rs 490. NBCC is a buy with a stop loss of Rs 198 and target of Rs 214. Century Textiles and Industries is also a buy with a stop loss of Rs 1,080 and target of Rs 1,140."

"Natco Pharma has been in an uptrend while all the other pharmaceutical stocks have been going down. So, possibly something is different. However, the way to protect yourself is obviously a stop loss because things sometimes can go wrong in the one stock that has been doing well. So, keep a stop loss around Rs 950. I think Rs 1,200 should be first good target. It is not exactly a great investing zone but yes you can hold for the next 15-20 days to one month. That sort of buying opportunity is probably there. A bigger buying opportunity will need a bigger correction, maybe towards Rs 850-900, that does not seem immediately likely. However, right now you can buy with a 15-20 days type of perspective," he said.

"As long as this bull market remains, in NBFCs nothing can go wrong other than microfinance where there are problems because slowly the market is coming to the view that keep away from corporate lenders, keep away from farmers and just stay with the people who pay back money and NBFCs and housing finance and this little piece in the financial puzzle that seems to be working, that you can see in stocks as well. So, in Bajaj Finserv keep a Rs 4,150-4,200 type of stop loss and look for targets of Rs 5,000, maybe even more."

"A lot of people want to get into Rs 50-70 stocks and see them go to Rs 500. I am much more comfortable getting into Rs 1,000 stock and seeing it go to Rs 30,000, something like an Eicher Motors. IDFC Bank has not really taken off as yet. I don’t know whether it will take off, but I would get into again as I said NBFCs which is the flavour of this bull market or get into banks which have already done well like Yes Bank and IndusInd Bank. However, this is 10-bagger, it is difficult to say early in the game. However, I would think that to stay with good NBFCs, good housing finance companies, even consumer finance makes a mixture of two or three type of NBFCs."