Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Sugar, cement, real estate and media could be in trouble but my sense would be that these are strong stocks and people who really can take a bit of view today is the second day. So, a lot of it is already played out. People who are looking to buy in cash, these sort of days, they provide fairly good opportunities in stocks like Capital First, LIC Housing or even Indiabulls Real Estate. So, those are the stocks once we get below 9,400, they should be looked to buy."
"The way the tyre stocks have moved, maybe some more correction is needed. However, by the end of the day, a lot of stocks would have corrected quite a bit of their leverage. I think bull market means that when you get sharp corrections, you have to be ready to buy instead of being ready to sell. Trading corrections are very lame way of trading a bull market. So, just keep your eyes open and maybe today afternoon or maybe on Monday you will get fairly good opportunities from where you will make big returns," he said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
