Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Yes Bank did fairly well even on Friday. So, chances are that all declines on Yes Bank towards Rs 1,450 should be bought into and finally you will see levels higher than Rs 1,500."
"Fortis Healthcare is opening with any sort of rally. That is a good point to sell into it and the stop loss here could be since the rally is going to take place, possibly keep your stop loss at Rs 190; Rs 186 is the 200-day moving average. I believe if it goes back to retest from below, you will find selling. So, if you get your 6-7 percent gap up, try to sell into Fortis," he said.
"Most of the insurance plays, including ICICI Prudential Life Insurance, etc. are doing fairly well. I track Max Financial, not exactly levels, but definitely this stock has bottomed out and you would try to buy on declines."
"Grasim Industries had a large move in the last couple of days. So, I would think that it could get back towards Rs 1,200-1,220 fairly easily."
"Similarly, in Aditya Birla Nuvo, strong moves even in a market which has been sideways. So, again, positive view and on all declines remains a buy."
"PSU banks are really coming under the hammer and probably should have strong downside trend days. Possibly it is because of that increase of provisioning etc. so they have tailwind also. So, Punjab National Bank (PNB) is a sell with a stop loss of Rs 142 and target of Rs 130."
"Bank of Baroda (BoB) is also a sell with a stop loss of Rs 158 and target of Rs 150. ITC is the lone buy with a stop loss of Rs 310 and target of Rs 325."
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