Buy OBC, Bank of Baroda, Union Bank of India: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "A lot of these PSU banks today are crossing their 200 DMA, now in some sense probably the bear market is over. So once above 200 DMA, a lot of people start to become positive on several things. So chances are that PSU banks finally are ending their bear market, they may not make new highs but they may have at least another 15-20 percent rally from here.""So, Oriental Bank of Commerce (OBC) is a buy with a stop loss of Rs 113, target of Rs 125. Bank of Baroda (BoB) is a buy with a stop loss of Rs 155, target of Rs 172 and Union Bank is a buy with a stop loss of Rs 130, target of Rs 145," he said."ICICI Bank had probably bottomed out much earlier. So, that remains in an uptrend although it is underperforming its other private banking peers and today PSU banks are heading up while Kotak Mahindra Bank is making new lows. HDFC Bank is not doing a whole lot and hence Bank Nifty is not doing that much. ICICI Bank along with State Bank of India will also move up from here. Beyond Rs 250 you should see Rs 275-280 on ICICI Bank.""I don’t think there is a worst performer than Oil and Natural Gas Corporation. Sometimes when the last stock starts to rally, maybe the market is becoming a lot more frothy but even this move, we can easily see - maybe Rs 265-270 on ONGC but probably the beginning of the end of this particular move has started. Another couple of 100 points and maybe everything would have run up and then it will be difficult to find stocks which are moving up."""BHEL can get back to Rs 148-150 but these rallies are more temporary in nature, I don’t think this will start outperforming."