Buy Asian Paints, SBI, Maruti Suzuki: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The large stocks are something that you should look at. Stocks like Asian Paints is a buy with a stop loss of Rs 980 and target of Rs 1,040. State Bank of India (SBI) is a buy with a stop loss of Rs 242 and target of Rs 265." "Possibly Maruti Suzuki is a buy with a stop loss of Rs 5,400 and target of Rs 5,550," he said. "In this sort of a situation, you buy the large stocks like Bajaj Auto, HDFC, Bajaj Finance, Kotak Mahindra Bank and Maruti Suzuki. Stocks which can take hits even if the business doesn't get impacted, you want to keep away from midcaps. Chances are that the bluechips would recover first, so those are stocks where you keep buying the dips."