Buy Sobha, Chennai Petroleum Corporation, Piramal Enterprises, SPARC: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Sobha has broken out and now possibly you will see a 25-30 percent rally. This is a buy for intraday, couple of weeks, couple of months because something is changing here and the stock is in an expansion."

"Chennai Petroleum Corporation is a buy with a stop loss of Rs 419 and target of Rs 435. Piramal Enterprises is a buy with a stop loss of Rs 2,750 and target of Rs 2,900."

"Sun Pharmaceutical Advanced Research Company (SPARC) on bad news went down 14 percent, then reversed, and now is up 6.5 percent. There is no better action which defines a bottom. So at its 200-day moving average, the stock turned around post bad news. S,o SPARC is also a medium term buy from here," he said.

"SRF just crossed its 200 day-moving average. So, hopefully we can get to the higher level of this range which is Rs 1,900-1,950 and then maybe it crosses on the upside because overall these chemical type stocks have done well, but SRF has not. So I hope the news is good enough to get us to the higher end of the range," he added.