Buy VIP Industries, Tech Mahindra, GAIL India: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "VIP Industries is a buy with a stop loss of Rs 350 and target of Rs 375. Tech Mahindra is a buy with a stop loss of Rs 488 and target of Rs 510. GAIL India is a buy with a stop loss of Rs 472 and target of Rs 490."

"You should buy Shankara on decline. The best way to buy something is once it crosses at least one previous days’ worth of high. So that way you know that probably the correction has ended. However, overall, it is the right stock to have on your list because it is in a very strong up trend and whenever buying comes back, it will come back fairly strongly because the rally was not just in the last few days, it moved up from Rs 700 to Rs 2,300."

"So even if it comes down to this Rs 1,700 type of zone, that is not much of a correction. So you would probably start buying maybe half your quantity now and the other half the day a previous day’s high gets crossed," he added.

"Rajesh Exports is a buy with a stop loss of Rs 795 and target of Rs 830. TV Today is a buy with a stop loss of Rs 410 and target of Rs 435. Praj Industries is a buy with stop loss of Rs 110 and target of Rs 124."

"Trigyn Technologies has been making a bottom at Rs 92 to about Rs 110. So kind of accumulation is going on. I think it can get up to Rs 160-165, definitely there is probably good news coming on the stock," he said.