Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Reliance Infra, NCC and M&M Financial Services.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "You buy ICICI Bank with a stop loss of Rs 220 and look for targets of Rs 238. Reliance Infra is a strong stock, just mild correction, so this is a buy with a stop loss of Rs 490 for target of Rs 530. Once we are beyond this 7,600 type of zone, I think midcaps will participate with more gusto."
"NCC had a mild correction, it has been rallying for last couple of days not just yesterday. So this is a buy with a stop loss of Rs 68 for target of Rs 80," he said.
"M&M Financial Services has been consistently doing well ever since the Budget. So this is a buy with a stop loss of Rs 225 and look for targets of Rs 240."
"Cairn India is easily heading for Rs 175-180, similarly Vedanta could easily get up to Rs 120-125," he added.
"The idea should be to be long on Cairn India and probably ignore BPCL while it has rallied today but maybe that rally will face resistance sooner than expected."
"Motherson Sumi can be bought with a stop loss around Rs 240 for target of Rs 262 while Voltas is a buy with a stop loss of Rs 248 for target of Rs 262."
"You can sell Arvind with a stop loss of Rs 278 for target of Rs 264."The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Mar 17, 2016 10:45 am