Buy Ujjivan Financial Services, Petronet LNG, Maruti Suzuki: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Petronet LNG is breaking out. You have other stocks like Escorts and InterGlobe Aviation which are doing extremely well. So, stock specific market, but still on the positive side. Adani Enterprises is hitting about Rs 120-121, so while large stocks could have a bit of a correction, but overall I think banks are showing strength and financials should have another good day."

"Today, microfinance is turning around after six days of downside. When you trade futures, you have to see where the short positions may be. I think this is probably one of the areas that short positions could be there. So, Ujjivan Financial Services is a buy with a stop loss of Rs 389 and target of Rs 405. Anything which becomes accepted wisdom, generally tends to have lots of short positions,"  he said.

"Also Petronet LNG is a buy with a stop loss of Rs 418 and target of Rs 440. Maruti Suzuki is a buy with a stop loss of Rs 6,250 and target of Rs 6,400."