Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "It is obvious that Axis Bank has bottomed out. So, today you could get a bit of a dip because of denial, etc. However, on dips, Axis Bank is one of the large private banks that you should now buy into and hope for target of Rs 550, thereabouts." "Tata Motors and Hindustan Zinc seem to be showing upside, so, those are two stocks that people can look at buying. Reliance Industries has been moving up for 4-5 sessions, so, fairly at key resistance zones right now. So, possibly go with Tata Motors and Hindustan Zinc," he said. "For Reliance Industries, now that multi-year highs have come in, possibly buying could take place given that it is happening in the first 7-10 minutes. So, I would think this time it possibly is genuine. However, keep an Rs 1,080-1,090 type of stop loss. If it falls back, then you can possibly get out. However, it appears like this sort of first star, heavy volume move generally happens once a fresh break out is happening."Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.
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