Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Indraprastha Gas, HDFC Bank and Avanti Feeds.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Gas is doing very well today. So, Indraprastha Gas (IGL) is a buy with a stop loss of Rs 1,460 and target of Rs 1,520. HDFC Bank is a buy with a stop loss of Rs 1,780 and target of Rs 1,840. Reliance Industries is a buy with a stop loss of Rs 837 and target of Rs 860."
"As crude has kind of come off, so, maybe aviation is that sort of a trade, but I don’t think Interglobe Aviation is really now outperforming. It has just hit its 200-day moving average at about Rs 1,050 and from there it is moving up. So, anybody who wants to buy, now keeps a stop loss below Rs 1,050 and maybe looks for targets closer to say about Rs 1,250. So basically it is a trading type of stock. I don’t think it is likely to make new highs," he said.
"Shriram Transport Finance is a very choppy stock. At best despite all news flow, Rs 950 to Rs 1,100 is the kind of range that it is in."
"SRF is now a buy on dip type of stock because the 200-day moving average was crossed yesterday; that is about Rs 1,600-1,610. Since that was a large move, you could have two to three days of consolidation. However, looks like it will hit the higher end of its range which is closer to Rs 1,900-1,950," he said.
"May be one can add on Avanti Feeds. The idea should be to add on strongly, maybe get the average up to even Rs 1,500. I think at some point Rs 3,000-3,200 will happen. This is that kind of stock which you find once in your lifetime. So that way bull market stock and just keep a Rs 2,000 type stop and continue to carry."
"Vivimed is not a great stock; let us be clear on that. You want to enter into stocks which are leading this bull market. So today as we speak, the broker dealers are doing very well - Motilal Oswal Financial Services, JM Financial, etc. I would advise to move into a JM Financial. If one wants to stay here, then Rs 120 is the stop loss and maybe on a good day you may find Rs 165. However, I am not very positive here," he added.Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments LtdGet access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.