Ashwani Gujral of ashwanigujral.com is of the view that one may buy Tata Consultancy Services.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Consultancy Services (TCS) is a buy with a stoploss of Rs 2,800 and target of Rs 2,950. IFCI is a sell with a stoploss of Rs 33 and target of Rs 27. Canara Bank is a sell with a stoploss of Rs 351 and target of Rs 334."
"HDFC Bank has had a very strong breakout yesterday and after doing nothing for a long time, so that breakout, chances are will sustain. So HDFC Bank and HDFC, both went up sharply, both have corrected very mildly today. So this is a decline that you want to buy on both these guys."
"Right now global plays are doing well, I mean if you see pharma, IT and just a small point on IT which I made earlier something is changing here and it is not the rupee. Chances are market is pricing in the digital revenues and the consulting and the new age revenues growing because otherwise stocks don’t start hitting new highs. This is a time to add IT to your portfolio if you don’t have it. So, pharma, IT, metals they should continue to look good for the rest of the year. Domestic economy will be stop start unless you start seeing great results, so metals I would still buy on decline."
"If you have held on Sun Pharmaceutical for so long now when it is trying to bottom out I don’t think it is worthwhile selling. It is very similar to IT, suddenly business models collapse and stocks collapse but these are large companies, strong balance sheets they will figure out something, some new area etc. because if you have gone through all the pain now the stock is actually recovering. So, if you are a savvy trader and investor today is the time to add on. The moment good news comes in it will run up 250-300 points. Maybe that good news is not visible today, but today the bad news is all known so that has no value."
"CRISIL is a blue chip and as financial markets grow these guys are needed more and more and they often move when somebody hike stake etc. If S&P tomorrow hikes stake further maybe that is when these guys really move. This is like a long term thing and once in three years it will move up 25-30 percent. That is a kind of stock you bargain for, it doesn’t move every day.""Inflation and crude going up, you want to be with better banks, so maybe move to a YES Bank or IndusInd Bank etc. they will give you some upside and make things better because DCB you buy when it is Rs 60 bucks. At Rs 190-200 you can’t expect it to go to Rs 1,000 very easily. So, all of these small banks you buy when they are dead and buried and as they come back towards equilibrium you tend to sell off. The growth I think is still with YES Bank and IndusInd Bank," he added.