Buy Tata Chemicals, CG Power, SREI Infra: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Chemicals is a buy with a stop loss of Rs 770 and target of Rs 805. CG Power is a buy with a stop loss of Rs 94 and target of Rs 116. SREI Infra is a buy with a stop loss of Rs 106 and target of Rs 114."

"Eros International is one of those stocks which hasn’t done anything in this midcap bull market. Now we could get back towards Rs 300-305 similar to Aban Offshore, suddenly the stock wakes up and starts moving higher and that way it is a trade but it is not in any kind of great bull market," he said.

"Reliance Infrastructure is a buy with a stop loss of Rs 568 and target of Rs 590. J Kumar Infra is a buy with a stop loss of Rs 352 and target 366. Prestige Estates is a buy with a stop loss of Rs 343 and target of Rs 360."

"I am more interested in midcap IT - Tata Elxsi, Sonata Software, Hexaware Technologies all these stocks are at new highs. KPIT Technologies, TCS and Infosys are up 10-15 percent from the lows, but nothing significant."

"Out of the largecaps, I think, TCS looks the best which is almost at new highs. If there is something that is changing then maybe Rs 3,600-3,700 is likely. But if you have it from Rs 2,200, take half off and take risk with only half your positions. Otherwise rest of them I think, definitely the midcap IT stocks should be bought. Even something like Vakrangee which is a local IT stock is doing very well," he said.