Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "As far as individual stocks are concerned IFCI is a buy with a stoploss of Rs 29, target of Rs 36. BF Utilities is a buy with a stoploss of 490, target of Rs 515 and Bombay Burmah Trading Corporation is a buy with a stoploss of Rs 1,690, target of Rs 1,760."
He further added, "Paints are not in strong trends, these guys did very well when crude fell, for the last I think one odd year Berger Paints has been sideways. Now it is trading around the higher end of its range which is about Rs 280 thereabouts. We can get pass Rs 280 then there could be further follow through and that may not be crude related that could be consumption story. If we get pass Rs 280 you could see Rs 325-330 here."
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