Ashwani Gujral of ashwanigujral.com recommends buying TV Today, UltraTech Cement and Tata Steel.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "TV Today is a buy with a stop loss of Rs 458 and target of Rs 480. UltraTech Cement is a buy with a stop loss of Rs 4,550 and target of Rs 4,700. Tata Steel is a buy with a stop loss of Rs 764 and target of Rs 790."
"The simple logic is that once something crosses the listing high then everybody is making money and supply suddenly dries up. Because nobody wants to sell a winner, so chances are Coffee Day has begun some sort of a strong rally which could take it up to Rs 500-550, so today is a continuation of that previous rally. So people can still take long positions on Coffee Day Enterprises."
"Fertiliser overall is doing well, if GNFC has specific issues, I don’t think company is closing down. I would think it is a good time to buy because Chambal Fertilisers is doing well. Budget generally, this period is good for fertiliser. So, if I have to buy I would buy here and maybe keep Rs 470-475 type of stop loss. At some point it will go back and test previous highs because these are all temporary event they get priced in and markets moves on," he said.
"ICICI Prudential is a buy with a stop loss of Rs 408 and target of Rs 430. JK Tyre is a buy with a stop loss of Rs 173 and target of Rs 187. Bharat Electronics (BEL) is a buy with a stop loss of Rs 170 and target of Rs 184."
"Possibly hold SH Kelkar because now everything that has not moved is trying to move and this is one of the stocks that has not moved. So maybe keep Rs 270-275 type of stop loss, and like Aban Offshore if something positive happens, you may get Rs 360-370. However, as of today, there is no action of SH Kelkar.""L&T Finance Holdings will not move like last year. Last year it went from Rs 50 to Rs 200, Rs 200 and it will not become Rs 800 this year. So let us not expect that kind of move. At best, it will be short term range bound between Rs 150 and Rs 190. In the longer term, once this rate issue, etc. kind of cools off, maybe Rs 245-250 is possible. However, all of these NBFCs are in consolidation patterns which could last for next five to six months," he added.