Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Axis Bank has come back from lower levels. The large banks are now participating. So, the problem that it had for the last few sessions, is not there today and chances are Bank Nifty could have a strong follow through to yesterday’s move."
"You also have the white goods stocks - Voltas, Havells India, etc. this sort of move can last for a bit. So, even now these are strong buys. So, both Bank Nifty as well as these niche areas can be looked at," he said.
"Kolte-Patil is also having a follow through, so several midcap areas are moving higher."
"I don’t think it is a good strategy because if they are going up because of F&O, tomorrow when they are in F&O, these gains can be taken off. So, it is much better to look for a better theme and there are themes available. Rane Brake has a fresh breakout and that can get up to Rs 1,350-1,400 now."
"If it is not going to rain too well, maybe this Escorts' rally may be getting done. However, as a trading play, definitely strong stock should be bought. So, Escorts is a buy."
"VIP Industries after trading forever in the Rs 100-140 band is breaking out; Rs 200-210 is likely out there because consumption is coming back very strongly. So, I think that should also work."
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