Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "In the long term, Rs 4,800-5,000 is possible in Britannia Industries, but I don’t think after that day's rally you should be buying. Just wait it out for a dip. These stocks are best bought when there is some attack on the consumer like demonetisation, or Goods and Services Tax (GST), etc. I don’t think on good news if you buy FMCG, you will be able to outperform."
"Hindalco Industries is up 5 percent, so, maybe that is having a positive rub-off. This is something that you can buy into and probably should have a strong trend day. Other than that it is the usual suspects of Dewan Housing Finance, etc."
"All sorts of banks are down 1.5-2 percent. So, in PSU banks you can go short on. Bharti Infratel is a sell with a stop loss of Rs 388 and target of Rs 372."
"Metals probably is the only buying opportunity. Vedanta is a buy with a stop of Rs 293 and target of Rs 308. May be you can buy Ashok Leyland with a stop loss of Rs 108 and target of Rs 120," he added.
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