Short Reliance Capital, DHFL, Yes Bank; buy Aarti Industries: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Whatever went up, particularly on financials, because anytime you tend to shake up the macros, the financials will start underperforming. So, I believe financials are the best short right now. So Reliance Capital, Dewan Housing Finance (DHFL), Yes Bank, all of these stocks can be shorted."

"There is some amount of traction that shorts have, particularly from the strong financials. Whatever anybody may say, these financials are coming off because maybe when the going is good, all the good news matters. Now, possibly NBFCs are also pricing in some slowing down of consumers, etc. So whatever that may price in, it is clear that all kinds of rallies on financials particularly, need to be sold into."

"Aarti Industries is a buy with a stop loss of Rs 900 and target of Rs 935. Capital First is a sell with a stop loss of Rs 810 and target of Rs 785. Yes Bank is a sell with a stop loss of Rs 371 and target of Rs 355," he added.