Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Jubilant Foodworks has broken out from a sideways pattern yesterday. That is a buy with a stoploss of Rs 1,460, target of Rs 1,540."
"Future Consumer is a buy with a stoploss of Rs 62, target of Rs 74. Gujarat Fluorochemicals has broken out, chemical stocks are in fashion, so this is a buy with a stoploss of Rs 720, target of Rs 775."
"Tata Chemicals is a buy with a stoploss of Rs 650, target of Rs 690 and Raymond is a buy with a stoploss of Rs 830, target of Rs 865," he added.
"In ICICI Prudential, maybe there is some promoter selling etc because it tried to rally but yesterday’s bar was fairly negative, maybe Rs 350-360 is a zone that should be expected on ICICI Pru. Aurobindo Pharma maybe is the best of the pharma stocks but I don’t think it is outperforming the market as such. Once we get past Rs 780, we could look at Rs 850-860 but overall Auro Pharma broadly is sideways and between Rs 650 and Rs 750."
"Chemical stocks are doing well and I have two including Tata Chemicals today. So chances are that you could get Rs 700-720 in this move. It moved sideways and now is breaking out so I think all chemical stocks could have a fresh run."
"Future Lifestyle and Future Consumer have broken out. So overall with festive season, I think Shoppers Stop, to pick up any of these stocks, they are all moving higher. So definitely they are buys even for the day."
"Given the market has come off quite a bit, I don’t think Bajaj Finance has come off the highs but stocks go through consolidation and for the moment it is doing that. I think at some point it will move beyond Rs 2,000 here."
"Largecaps will stay sideways other than a few consumption stocks, maybe metals could do well, so look for Vedanta and Hindustan Zinc.
"NCC often does not move beyond levels of Rs 80-85, broadly the range is between Rs 80 and Rs 100. So starting out from the lower end of the range, it is not in any sort of great uptrend."
"Jubilant Food is still looking excellent and on the cash stocks, Bombay Burmah and Shoppers Stop could do well."
"Bata India is a buy with a stop loss of Rs 735, target of Rs 760. Escorts is a buy with a stop loss of Rs 675, target of Rs 700 and Tata Steel is a buy with a stop loss of Rs 665, target of Rs 690."
"Escorts is coming out of a correction and is one that will probably take it towards Rs 800-850. Tata Motors is an underperformer and it cannot make petrol cars, but is now making EVs, I think Tata Steel is much better."
"IndusInd Bank, Yes Bank, even HDFC Bank are much better stocks. ICICI Bank and State Bank of India (SBI) will again get back to their declining ways and SBI is below its 200-day moving average (DMA). So, under-performance is extremely large.
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